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.
Address
125 Richardson Street
List Price
$1,689,000
MLS® Status
New
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
2-Storey
Transaction Type
Sale
Area
Guelph/Eramosa
Sub-Area
Rockwood
Region
Wellington
Bedrooms
7 + 1
Bedrooms (Total)
8
Rooms Above Grade
19
Rooms Below Grade
3
Bathrooms
9
Floor Area
3500-5000 Sq. Ft.
Lot Depth
66
Lot Size Range (Acres)
.50 - 1.99
Lot Size Units
Feet
Lot Width
132.54
Parcel Number
711810070
Occupant Type
Tenant
Cross Street
Balaclava
MLS® Number
X13417306
Listing Brokerage
ENGEL & VOLKERS TORONTO CENTRAL
| ENGEL & VOLKERS WATERLOO REGION
Basement Area
Full, Finished, Walk-Up
Postal Code
N0B 2K0
Posession Details
Flexible
Parking
Other
Parking Places (Total)
8
Parking Spaces
6
Tax Amount
$8,856.00
Tax Year
2026
Site Influences
Deck, Hospital, Landscaped, Park, Patio, Rec./Commun.Centre, School, School Bus Route
Exterior Features
Deck, Landscaped, Patio
Interior Features
Water Softener, Accessory Apartment, Guest Accommodations, Sump Pump, Upgraded Insulation, Water Purifier
Property Features
Hospital, Park, Rec./Commun.Centre, School Bus Route, School
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling
Yes
Cooling Features
Central Air
Construction Materials
Brick
UFFI
No
Direction Faces
South
Fireplace
Yes
Foundation Details
Poured Concrete, Stone
Garage
No
Garage Type
None
Kitchens Total
2
Kitchens Above Grade
1
Kitchens Below Grade
1
Other Structures
Barn
Pool Features
None
Roof
Metal
Tax Legal Description
LT 27 BLK A PL 150 STRANGE'S SURVEY ROCKWOOD ERAMOSA; GUELPH-ERAMOSA
Waterfront
No
Waterfront
None
Sewer
Sewer
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Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Main | Living Room | 5.08 x 3.78 Meters | Hardwood Floor |
| Main | Dining Room | 4.87 x 4.8 Meters | Hardwood Floor |
| Main | Kitchen | 4.57 x 3.07 Meters | Combined w/Living, Double Sink, Hardwood Floor |
| Main | Bedroom | 5.61 x 3.96 Meters | Fireplace, Hardwood Floor |
| Main | Laundry | 4.57 x 4.26 | Large Window, Laundry Sink, Walk-Out |
| Second | Bedroom | 6.27 x 3.57 | |
| Second | Bedroom | 4.55 x 3.56 | Combined w/Rec, Eat-in Kitchen |
| Third | Bedroom | 7.19 x 5.89 | |
| Basement | Recreation | 9.62 x 6.7 Meters | Broadloom, Finished |