High-Performing Student Rental Investment Near the University of GuelphThis purpose-built 4-bedroom, 4-bathroom condo presents a compelling investment opportunity in one of Guelph's most dependable rental markets. Ideally located in the city's sought-after south end with direct transit access to the University of Guelph, the property benefits from consistently strong student demand and excellent long-term rental stability. Each bedroom is designed with its own private ensuite, a highly desirable layout that allows for premiumper-room leasing while minimizing vacancy risk and enhancing tenant satisfaction.The unit features modern, low-maintenance finishes, including quartz countertops and carpet-free laminate flooring, making it well-suited for long-term durability and reduced operating costs. A recently updated in-suite washer adds further practicality and appeal. Beyond the unit itself, residents have access to an impressive range of amenities, including secure entry, concierge service, a fitness center, 24-hour Wi-Fi study rooms, media and gaming lounges, and a rooftop terrace overlooking conservation lands-features that significantly enhance the property's rental appeal and tenant retention.The unit currently has one vacant room the other (3) are leased for:Room 1 leased for $1,150 (utilities included) rent ends April 30, 2027 Room 2 Leased for $1,250 (utilities included) rent ends August 30, 2026 Room 3 Leased for $1,250 (utilities included) rent ends April 30, 2027 Parking spot is leased for $150/month. (id:4069)
Address
502 - 1219 GORDON STREET
List Price
$629,000
Property Type
Single Family
Type of Dwelling
Single Family
Transaction Type
Sale
Area
Ontario
Sub-Area
Guelph (kortright West)
Bedrooms
4
Bathrooms
4
Floor Area
1000 - 1199 Sq. Ft.
Maint. Fee
$693.57
MLS® Number
X12969552
Listing Brokerage
ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Basement Area
None
Postal Code
N1L0M9
Features
Carpet Free
