5024 Fountain Street N Woolwich, Ontario - MLS#: 40587903
$1,770,000
Opportunity! Opportunity! Many possibilities and a great potential for the buyer due to proximity to the Airport and the existing Breslau Industrial Area to the north. Nestled in the trees above the banks of the Grand River, this charming Log bungalow is situated on a 5.25 acres lot located Central to everywhere with 322 feet frontage on Fountain Street North. Close to all major highways, Minutes to Kitchener, Cambridge, Waterloo and Guelph, 1 hour from Toronto and minutes to Waterloo Regional Airport. Walkout basement has recent updates and may have potential for In-law or secondary suite. Current rental income is $3650 per month. Also, Woolwich Township has indicated to the Seller by email that there may be an appetite to convert the Zoning to “Employment Lands” in the Breslau Secondary Plan coming soon. (id:51158)
The property at 5024 Fountain Street N in Woolwich presents a unique opportunity for potential buyers given its strategic location near the airport and the established Breslau Industrial Area to the north. This charming log bungalow is set on a spacious 5.25-acre lot with 322 feet of frontage on Fountain Street North, providing easy access to major highways and nearby cities such as Kitchener, Cambridge, Waterloo, and Guelph. Additionally, the property is conveniently located just one hour away from Toronto and is in close proximity to the Waterloo Regional Airport.
The walkout basement of the bungalow has been recently updated and offers the potential for an in-law or secondary suite, adding versatility to the property. With a current rental income of $3650 per month, this property can provide a steady stream of revenue for the buyer. Furthermore, Woolwich Township has expressed interest in potentially converting the zoning of the property to “Employment Lands” as part of the Breslau Secondary Plan, indicating future development possibilities.
Overall, this property offers various opportunities for potential buyers looking to invest in a versatile real estate asset with strong income potential and potential for future growth.
⚡⚡⚡ Disclaimer: While we strive to provide accurate information, it is essential that you to verify all details, measurements, and features before making any decisions.⚡⚡⚡
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Property Details
| MLS® Number | 40587903 |
| Property Type | Single Family |
| Amenities Near By | Airport |
| Equipment Type | Water Heater |
| Features | Country Residential |
| Parking Space Total | 12 |
| Rental Equipment Type | Water Heater |
| View Type | No Water View |
| Water Front Name | Grand River |
| Water Front Type | Waterfront |
About 5024 Fountain Street N, Woolwich, Ontario
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 2 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 3 |
| Appliances | Dryer, Refrigerator, Stove, Washer |
| Architectural Style | Bungalow |
| Basement Development | Partially Finished |
| Basement Type | Full (partially Finished) |
| Constructed Date | 1964 |
| Construction Material | Wood Frame |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Wood |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 2002.34 Sqft |
| Type | House |
| Utility Water | Well |
Parking
| Detached Garage |
Land
| Access Type | Road Access, Highway Access |
| Acreage | Yes |
| Land Amenities | Airport |
| Sewer | Septic System |
| Size Depth | 680 Ft |
| Size Frontage | 290 Ft |
| Size Irregular | 5.256 |
| Size Total | 5.256 Ac|5 - 9.99 Acres |
| Size Total Text | 5.256 Ac|5 - 9.99 Acres |
| Surface Water | River/stream |
| Zoning Description | Zone A |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Basement | Laundry Room | 15'2'' x 7'9'' | ||
| Basement | 3pc Bathroom | Measurements not available | ||
| Basement | Bedroom | 10'6'' x 21'9'' | ||
| Basement | Great Room | 10'1'' x 23'8'' | ||
| Basement | Kitchen | 10'1'' x 14'0'' | ||
| Main Level | Foyer | 4'4'' x 12'1'' | ||
| Main Level | Bedroom | 9'8'' x 11'6'' | ||
| Main Level | Primary Bedroom | 11'6'' x 11'7'' | ||
| Main Level | 4pc Bathroom | Measurements not available | ||
| Main Level | Dining Room | 11'2'' x 10'1'' | ||
| Main Level | Kitchen | 16'4'' x 10'1'' | ||
| Main Level | Living Room | 23'3'' x 29'6'' |
https://www.realtor.ca/real-estate/26886249/5024-fountain-street-n-woolwich
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May 31 2024 03:51:29
Kitchener-Waterloo Association of REALTORS®
Royal LePage Wolle Realty