125 Richardson Street, Rockwood, ON N0B 2K0
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125 Richardson Street, Rockwood, ON N0B 2K0
125 Richardson Street, Rockwood, ON N0B 2K0
125 Richardson Street, Rockwood, ON N0B 2K0
125 Richardson Street, Rockwood, ON N0B 2K0
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Sandy Mackay

Sandy Mackay

+1(416) 567-3866
$ 1,689,000
Est. payment /mo
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125 Richardson Street Rockwood, ON N0B 2K0

8 Beds

9 Baths

3,503 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Rooming House

Listing Status Active

Purchase Type For Sale

Square Footage 3,503 sqft

Price per Sqft $482

MLS Listing ID 40838550

Bedrooms 8

Abv Grd Liv Area 4,573

Annual Tax Amount $8,856

Property Sub-Type Rooming House

Source Cornerstone

Property Description

*** 6% CAP RATE *** Exceptional investment opportunity in the heart of Rockwood. This fully rented property offers strong income potential, with current rents generating approximately $139,800 annually. Ideal for investors, multi-generational families, co-living arrangements, or those seeking a live-and-earn lifestyle, this versatile property presents a wide range of potential uses, including institutional housing or a rehabilitation facility, subject to all required approvals. Thoughtfully updated while preserving its character and charm, the property features numerous improvements, including a modern air exchanger system and fully spray-foamed insulation for enhanced energy efficiency. The spacious layout includes private suites in the west wing, a second-floor suite, and an expansive lower-level suite, providing flexibility for a variety of living arrangements. At the heart of the home is a generously sized chef's eat-in kitchen, complete with a large island, two dishwashers, two oversized sinks, abundant cabinetry, main-floor laundry, and a commercial-grade stainless steel refrigerator. Outside, enjoy peaceful garden spaces, ample parking, and a prominent corner-lot location. Meticulously maintained and tastefully finished in neutral décor, this turnkey property offers an attractive blend of historic character and modern convenience. A rare opportunity to generate substantial income while occupying the property yourself. Whether you're looking to expand your investment portfolio or create a unique living arrangement, Rockwood presents an outstanding opportunity to bring your vision to life.

Location

Province ON

County Wellington

Area Guelph/Eramosa

Zoning A

Direction ALMA STREET EAST RIGHT ONTO INKERMAN LEFT TO BALACLAVA FOLLLOW TO RICHARDSON

Rooms

Other Rooms Shed(s)

Basement Separate Entrance, Walk-Up Access, Full, Finished, Sump Pump

Kitchen 0

Interior

Interior Features Accessory Apartment, Built-In Appliances, Upgraded Insulation, Other

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Appliance Water Purifier, Water Softener, Freezer, Dishwasher, Dryer, Refrigerator, Stove, Washer

Laundry Common Area

Exterior

Exterior Feature Landscape Lighting, Lighting, Year Round Living

Roof Type Asphalt Shing

Porch Porch

Lot Frontage 66.0

Lot Depth 132.0

Garage No

Building

Lot Description Rectangular, Ample Parking, Hospital, Place of Worship, Quiet Area, Schools

Faces ALMA STREET EAST RIGHT ONTO INKERMAN LEFT TO BALACLAVA FOLLLOW TO RICHARDSON

Story 3

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 3

Structure Type Brick,Other

New Construction No

Others

Senior Community false

Tax ID 711810070

Ownership Freehold/None

Listed by Engel & Volkers Waterloo Region
Sandy Mackay

Sandy Mackay

Realtor / Founder

+1(416) 567-3866

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125 Richardson Street