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Home ON Greater Guelph Guelph-Eramosa
125 RICHARDSON Street
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125 RICHARDSON Street $1,650,000
5 days ago
$1,650,000
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125 RICHARDSON Street
Rockwood, Ontario N0B2K0

MLS® Number: 40710263
7
Bedrooms
8
Bathrooms
3873
Square Feet

Listing Description

Seize a rare investment opportunity with this fully renovated, income-generating property, nestled in the heart of Rockwood. Offering versatile potential for multi-family living or long-term rentals, this property is designed to retain a steady income stream. The interior of the home boasts a unique design with 7 spacious, 1 bedroom suites, each with their own ensuite- 4 wheelchair accessible suites on the main level, 2 suites on the second level, and 1 suite on the third level. All units offer ample closet space and large windows, and share access to a spacious eat-in kitchen with two double sinks, two dishwashers, an industrial sized fridge/freezer combo, and an oven. Additional shared spaces include a convenient laundry room and a cozy den. The finished basement is equally adaptable, featuring a recreation room with a wet bar, a 4 piece bathroom, and an unfinished space that is ideal for additional storage. Situated in a prime location near the Rockwood Conservation Area, enjoy a serene, picturesque setting while being within easy reach of outdoor activities and amenities. Plus, a bus route to Guelph adds to the property’s appeal. 2 driveways offer ample parking, while an accessible ramp to the main level ensures convenience for all tenants. This is a turnkey investment as all suites are currently rented to long-term tenants, providing a profitable rental base. (68789741)

Location Description

Corner of Richardson St. and Balaclava St.

Property Summary

Property Type
Multi-family
Storeys
3
Square Footage
3873 sqft
Subdivision Name
43 - Rockwood
Title
Freehold
Land Size
under 1/2 acre
Annual Property Taxes
$8,570.06
Total Parking Spaces
7
Time on REALTOR.ca
5 days

Building

Bathrooms
Total
8
Interior Features
Basement Type
Partial (Partially finished)
Building Features
Features
Paved driveway
Foundation Type
Poured Concrete
Rental Equipment
Water Heater
Structures
Shed, Porch
Total Units
8
Heating & Cooling
Cooling
Central air conditioning
Heating Type
Forced air, (Natural gas)
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick, Vinyl siding
Neighbourhood Features
Community Features
Quiet Area
Amenities Nearby
Park, Place of Worship, Schools, Shopping
Parking
Total Parking Spaces
7

Measurements

Square Footage
3873 sqft
Above Grade Finished
3873 sqft
Source: Other

Land

Lot Features
Fencing
Partially fenced
Frontage
132 ft
Land Depth
66 ft
Other Property Information
Zoning Description
R1
Data provided by: Cornerstone - Waterloo Region 540 Riverbend Drive, Kitchener, Ontario N2K 3S2

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