Yes, it’s true, there is a property coming on the market on Stuart Street soon! A property many may be interested in.
Well for starters, Stuart Street is a sought after, prestigious street located in the St. George’s Park area of Guelph. The surrounding homes are large, unique and expensive with many notable neighbours.
Next, the lot is 70 x 132, making it wide enough for an estate home if you are so inclined to tear down the existing one and re-build. As it exists, the property is also a good fit for a family looking to get into the neighbourhood at a discounted price and renovate over time. The house has it’s merits, but admittedly it shows signs of wear and tear and is being sold “as is” so please keep this in mind before you view.
Lastly, this home also fits the criteria for a “flip”. If you have the right skill set and team, in addition to a good sense of design, this home may be a consideration. The area will support a property value using the existing base structure and similar size, of up to 1.5 million. A demo and re-build could have a significantly higher value. You can clearly see this when you observe the surrounding homes.
So What’s Next?