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$ 949,999
Est. payment /mo
Price Dropped by $49K
126 MAIN Street S Rockwood, ON N0B2K0
4,295 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 4,295 sqft
Price per Sqft $221
Subdivision 43 - Rockwood
MLS® Listing ID 40738530
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Freehold
Source Cornerstone Association of Realtors
Property 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. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Exterior
Parking Features No
Community Features High Traffic Area
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by RE/MAX Escarpment Realty Inc.
