125 Richardson Street Active Save Request In-Person Tour Request Virtual Tour
Rockwood,ON N0B 2K0
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 3,874 sqft
Price per Sqft $425
MLS Listing ID 40644840
Style 3 Storey
Bedrooms 7
Full Baths 7
Half Baths 2
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, renovated in 2018 in the heart of Rockwood with this fully rented, income-generating property! Boasting exceptional rental potential, this versatile home is ideal for long-term, short-term, or co-living arrangements. This property is currently fully rented with A+ tenants, ensuring a reliable income stream. 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.
Main Floor Suites: 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. Second Floor Suites: 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
Third Floor Loft is currently being renovated with a 3-piece ensuitefrom a 2pce, is offering the potential to increase rental income even further. Finished Basement: The 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
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
Other Rooms Barn(s)
Basement Walk-Up Access,Full,Partially Finished,Sump Pump
Kitchen 2
Interior
Interior Features High Speed Internet,Accessory Apartment,Air Exchanger,Bed & Breakfast,Built-In Appliances,In-Law Floorplan,Upgraded Insulation
Heating Forced Air,Natural Gas
Cooling Central Air
Fireplaces Number 6
Fireplaces Type Gas
Fireplace Yes
Window Features Window Coverings
Appliance Water Heater,Water Purifier,Water Softener,Dishwasher,Dryer,Freezer,Range Hood,Refrigerator,Stove,Washer
Laundry Laundry Room,Main Level
Exterior
Exterior Feature Balcony,Landscaped,Other,Privacy,Private Entrance,Year Round Living
Utilities Available Garbage/Sanitary Collection,Natural Gas Connected,Recycling Pickup,Phone Available
Waterfront No
Roof Type Asphalt Shing
Street Surface Paved
Handicap Access Accessible Doors,Hallway Widths 42\" or More,Lever Door Handles,Lever Faucets,Low Pile Carpeting,Open Floor Plan,Parking,Raised Toilet,Ramps,Roll-In Shower,Wheelchair Access
Porch Deck,Porch
Lot Frontage 66.0
Lot Depth 132.0
Garage No
Building
Lot Description Urban,Rectangular,Beach,Campground,Dog Park,City Lot,Park,Place of Worship,Playground Nearby,Public Transit,Quiet Area,Schools,Trails
Faces Alma Street East, right onto Inkerman, left onto Balaclava street and follow it around to Richardson.
Foundation Poured Concrete,Stone
Sewer Sewer (Municipal)
Water Municipal
Architectural Style 3 Storey
Structure Type Brick,Vinyl Siding
New Construction No
Schools
Elementary Schools Rockwood Centennial Public School & Sacred Heart Catholic School
High Schools John F. Ross & St. James Catholic School
Others
Senior Community No
Tax ID 711810070
Ownership Freehold/None