1 Bed Residential Freehold – 125 RICHARDSON Street, Guelph/Eramosa, ON
$1,689,000 CAD
Property Description
Exceptional investment opportunity in the heart of Rockwood. This fully rented property offers strong income potential, with current rents generating approximately $120,000 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.
Property Details
Type
Residential Freehold
Parking
6 spaces
All Photos
Location
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned and administered by The Canadian Real Estate Association (CREA). The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Used under license. Listing data is provided by PropTx LLC via the Amplify Syndication RESO Web API and is sourced from the MLS® System of the Toronto Regional Real Estate Board (TRREB) and other participating member boards.
Mortgage Calculator
Estimate your monthly payment, adjust the numbers below.
Estimated Monthly Payment
,
* Estimate only. Does not include property tax, CMHC insurance (if down payment <20%), condo fees, or home insurance. Talk to Maneesh for personalised numbers.
Request Information
All fields marked * are required.