125 RICHARDSON Street

Unlock a rare and turn-key investment opportunity fully renovated in 2018 in the heart of Rockwood with this fully rented, Income-Generating Property! Boasting exceptional rental potential. This property is currently fully rented with A+ tenants, 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. 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.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. The third floor, currently being renovated, with a 3-piece ensuite from a 2 pce, is offering the potential to increase rental income even further. The newly 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 The third-floor loft and finished basement offer immediate opportunities to increase income with minimal additional investment. Convert these spaces into separate rental units or co-living spaces to further boost revenue.New Ash fault driveway with ample parking (Sept 2024) (id:4069)