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$999,000
Est. payment /mo
4 Baths
4,295 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Store W Apt/Office
Listing Status Active
Purchase Type For Sale
Square Footage 4,295 sqft
Price per Sqft $232
Subdivision Rockwood
MLS Listing ID X12203293
Building Age 51-99
Annual Tax Amount $5,640
Tax Year 2025
Property Sub-Type Store W Apt/Office
Property Description
With a projected cap rate of 6.97 percent, this solid investment opportunity in the heart of downtown Rockwood offers consistent income and long-term potential. Listed at $999,000, the fully tenanted, freestanding mixed-use property at 126 Main Street South generates $69,600 in gross annual income across three separate units: a main floor commercial space secured on a five-year lease, a spacious three-bedroom residential unit on the second floor, and a well-maintained two-bedroom basement apartment. Each unit features in-suite laundry and individual heating controls, providing comfort and autonomy for tenants. The property includes four dedicated parking spaces at the rear, with additional street parking available. Zoned C1 under Guelph/Eramosa, the building supports a variety of business uses, enhancing its flexibility and appeal. A recent pre-inspection has been completed and is available to serious buyers, offering clarity and confidence. Located just 15 minutes from Guelph and 25 minutes from Milton, Rockwood is a growing community that blends small-town character with strong accessibility. This is a well-constructed, income-generating asset suitable for investors seeking dependable returns in a thriving area.
Location
Province ON
County Wellington
Community Rockwood
Area Wellington
Interior
Cooling Yes
Exterior
Utilities Available Available
Lot Frontage 38.0
Lot Depth 132.0
Others
Security Features No
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Listed by RE/MAX Escarpment Realty Inc