For Sale - 125 Richardson Street, Rockwood, ON N0B 2K0

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David Bradica

david@davidbradica.com +1(905) 203-1777

$1,650,000

Est. payment - /mo

4,924 SqFt

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UPDATED:

10/23/2024 05:50 AM

Key Details

Property Type Commercial

Sub Type Mixed,Building Only

Listing Status Active

Purchase Type For Sale

Square Footage 4,924 sqft

Price per Sqft $335

MLS Listing ID 40644918

Abv Grd Liv Area 4,924

Originating Board Guelph & District

Year Built 1918

Annual Tax Amount $8,570

Property Description

Unlock a rare and turn-key investment opportunity fully renovated in 2018 in the heart of Rockwood with this fully rented, Income-Generating Property! Boasting exceptional rental potential. This property is currently fully rented with A+ tenants, The current tenants have been carefully selected, offering a solid rental history. Each tenant occupies one of the 276sqft suites, and given the attractive setup, there is a high demand for units like these in the Rockwood area.The tenants enjoy the comforts of home with features such as cozy gas fireplaces, private ensuites, large closets, and access to the shared, chef-inspired kitchen with 2 sinks, 2 dishwashers, large fridge/freezer combo and laundry facilities on the main floor. The 4 large, private suites on the main floor are occupied by long-term and short-term tenants, private ensuite bathrooms, gas fireplaces and large closets.Two spacious suites on the second floor, each with their own 3-piece ensuite, large closets, and gas fireplaces, are rented out to reliable tenants. The third floor, currently being renovated, with a 3-piece ensuite from a 2 pce, is offering the potential to increase rental income even further. The newly finished basement features a recreation room with a kitchenette and family area, easily adaptable into a basement apartment for additional rental income. Guaranteed Rental Income: With A+ tenants already in place, this is a low-risk, high-reward investment with immediate cash flow.Prime Location: Situated near the Rockwood Conservation Area, the property attracts tenants who appreciate the quiet, scenic surroundings, yet still want access to outdoor activities and amenities. There is a bus that runs regularly to Guelph
The third-floor loft and finished basement offer immediate opportunities to increase income with minimal additional investment. Convert these spaces into separate rental units or co-living spaces to further boost revenue.New Ash fault driveway with ample parking (Sept 2024)

Location

Province ON

County Wellington

Area Guelph/Eramosa

Zoning R1

Direction Alma Street East, right onto Inkerman, left onto Balaclava street and follow it around to Richardson.

Rooms

Basement Full

Kitchen 0

Interior

Interior Features High Speed Internet

Fireplace No

Exterior

Exterior Feature Other

Parking Features Asphalt

Utilities Available Electricity Connected, Garbage/Sanitary Collection, Natural Gas Connected, Recycling Pickup, Street Lights, Phone Connected

Street Surface Paved

Lot Frontage 66.0

Lot Depth 132.0

Garage No

Building

Lot Description Rectangular, City Lot, Public Transit, Schools

Faces Alma Street East, right onto Inkerman, left onto Balaclava street and follow it around to Richardson.

Story 3

Foundation Poured Concrete, Stone

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 3

Structure Type Brick,Vinyl Siding

New Construction No

Others

Senior Community false

Tax ID 711810070

Ownership Freehold/None

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Listed by Keller Williams Home Group Realty

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David Bradica

+1(905) 203-1777

Broker of Record

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125 Richardson Street Rockwood, ON N0B 2K0

David Bradica

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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125 Richardson Street