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. (id:47594)
MLS® Number | 40738530 |
Property Type | Other |
Amenities Near By | Schools |
Communication Type | High Speed Internet |
Community Features | High Traffic Area |
Features | Crushed Stone Driveway |
Parking Space Total | 4 |
Basement Type | Full |
Construction Material | Concrete Block, Concrete Walls |
Exterior Finish | Aluminum Siding, Concrete |
Foundation Type | Block |
Stories Total | 2 |
Size Exterior | 4295.0000 |
Size Interior | 4,295 Ft2 |
Utility Water | Municipal Water |
Access Type | Road Access |
Acreage | No |
Land Amenities | Schools |
Sewer | Municipal Sewage System |
Size Depth | 132 Ft |
Size Frontage | 38 Ft |
Size Irregular | 0.12 |
Size Total | 0.12 Ac|under 1/2 Acre |
Size Total Text | 0.12 Ac|under 1/2 Acre |
Zoning Description | Z3 |
Electricity | Available |
Natural Gas | Available |
Telephone | Available |
https://www.realtor.ca/real-estate/28431471/126-main-street-s-rockwood
Contact us for more information
John Gaida
Salesperson
(905) 639-7676