$1,650,000Asking Price
125 Richardson Street, Guelph/Eramosa, ON N0B 2K0
Rockwood, Guelph/Eramosa
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.
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.
See MoreKey Info
- 3-Storey Detached
- 7-Car Driveway
- No Garage
- Corner of Richardson St. and Balaclava St.
- Finished Basement
- 1 Kitchen
- Forced Air Gas Heating
- Central Air
Property
- Lot Size 132 x 66 Feet
- Brick/Vinyl Siding Exterior
- Taxes were $8,570 in 2024
- Possession: Flexible
Details
- Fireplace
- No Family Room
- Sewers
- Municipal Water
- Physically Handicap Equipped
- MLS #X12045409
- Royal LePage Royal City Realty
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Foyer | Main | 10.60' x 9.22' | |
| 2 | Kitchen | Main | 15.03' x 15.16' | |
| 3 | Den | Main | 17.68' x 15.42' | |
| 4 | Bathroom | Main | 2-PieceBath | |
| 5 | Bathroom | Main | 3-PieceEnsuite | |
| 6 | Bathroom | Main | 3-PieceEnsuite | |
| 7 | Bathroom | Main | 3-PieceEnsuite | |
 | 1 2-Piece Bathroom on Main Floor | |||
| 4 3-Piece Bathrooms on Main Floor | |||
| 2 4-Piece Bathrooms | |||
| 1 3-Piece Bathroom | |||
| 1 4-Piece Bathroom | |||
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Who lives here?
Rockwood, Guelph/Eramosa is a west GTA neighbourhood notable for its education, law & public sector professionals and salespeople. Residents tend to be younger with a significant number of kids aged 10 to 14, adults aged 30 to 54 and 30 to 54 and seniors aged 65 to 69.
Families
Kids Per Family
1.0
kids per family
in the neighbourhood.
Singles
33%
of residents are
single and loving it.
33% singles
Guelph/Eramosa (34%)Renters
12%
of residents
are renters.
12% renters
Guelph/Eramosa (11%)Education
28%
of residents are
university grads.
28% university grads
Guelph/Eramosa (29%)Income
Average Household Income
$142K
is the average household
income in the neighbourhood.
Professions
Professions
| Sales | 15% |
| Trades | 11% |
| Government | 10% |
| Business | 10% |
| Management | 9% |
Immigrants
11%
of residents were
born outside of Canada.
11% immigrants
Guelph/Eramosa (13%)Birthplace - All
3.5% from UK
All-time
Birthplace - Recent
0.4% from UK
Recent
Foreign Languages
Foreign Languages
| French | 2% |
| German | 1% |
| Dutch | 1% |
| Polish | 1% |
| Spanish | 1% |
Religions
Religions
| Christian | 71% |
| Jewish | 1% |
