Description
An absolute steal in downtown Rockwood, this property is priced to move and the sellers are motivated to work with serious buyers to get a deal done. With a projected cap rate of 6.41% at the new list price of $949,999, this fully tenanted, freestanding mixed-use building at 126 Main Street South delivers strong, stable income and long-term investment potential. The property generates $60,925 in net operating income from three separate units: a main floor commercial space on a five-year lease, a spacious three-bedroom apartment on the second floor, and a well-kept two-bedroom basement unit. Each space offers in-suite laundry and individual heating controls, providing comfort and autonomy for tenants. The lot includes four dedicated parking spaces at the rear, with ample street parking nearby. Zoned C1 under Guelph/Eramosa, the building accommodates a wide range of commercial uses, and its high-visibility location adds to its appeal. A recent pre-inspection is available to serious buyers, making this a turnkey opportunity for investors seeking dependable returns in a growing community.
Overview
Property ID:
X12203293
Type:
Store W Apt/Office
Bathrooms:
4
Square:
4,295 m²
Price:
$949,999
PropertyType:
Commercial
TransactionType:
For Sale
BuildingAreaUnits:
Square Feet
Cooling:
Yes
Heating:
Gas Forced Air Closed
ParkingFeatures:
None
YearBuilt:
51-99
TaxAnnualAmount:
5640
PossessionDetails:
30 - 60 Days
Map
-
AddressGuelph/Eramosa
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