6 beds · 9 baths · 4924 sqft
Income Potential, Investors Welcome! Discover a rare investment opportunity in Rockwood with this versatile property offering exceptional rental potential. The home features 4 spacious rental suites on the main floor, each equipped with a cozy gas fireplace, fridge, large closets, and an ensuite bathroom with a walk-in shower. Additionally, on the second floor, there are 2 large bedrooms with 3 pce ensuite, large closets and gas fireplace. On the third floor is a 2pce bathroom with a loft office/workspace or lounge. These suites provide the perfect setup for long-term rentals, co-living arrangements, or even short-term accommodations like Airbnb or Bed & Breakfast stays. Highlights of this renovated home in 2018 is the Paved driveway (Sept 2024)parking for 10 and is equipped with an expansive, shared chef’s kitchen. Ideal for communal living, it includes a large island, two dishwashers, two sinks, ample cupboard space, and a sleek stainless steel industrial fridge/freezer. Whether for renters or guests, the kitchen’s layout and features make it perfect for preparing meals in a social setting. Conveniently, the main floor also includes a shared laundry area and 2pce bathroom. The historic charm continues in the newly finished basement, which boasts a recreation room complete with a kitchenette, games area, family room, 4-piece washroom, and generous storage space. With its prime location near the Rockwood Conservation Area, this property is perfect for attracting guests and tenants. Whether you're looking to tap into the rental market, run a home business, or create a communal living space, this home offers endless possibilities. Don't miss out on this unique investment opportunity—investors are welcome to explore the potential for significant rental income! (id:39198)
Building Type House, Detached
Year built 1918
Square Footage 4924 sqft
Stories 3
Bedrooms 6
Bathrooms 9
Parking 10
Neighbourhood43 - Rockwood
Land size under 1/2 acre
Heating type Forced air
Basement typeFull (Partially finished)
Parking Type
Time on REALTOR.ca9 days
This home may not meet the eligibility criteria for Requity Homes. For more details on qualified homes, read this blog.
Brokerage Name: Keller Williams Home Group Realty
Home price
$1,650,000
Start with 2% down and save toward 5% in 3 years*
* Exact down payment ranges from 2-10% based on your risk profile and will be assessed during the full approval process.
$15,009 / month
Rent $13,273
Savings $1,736
Initial deposit 2%
Savings target Fixed at 5%
Start with 5% down and save toward 5% in 3 years.
$13,228 / month
Rent $12,867
Savings $361
Initial deposit 5%
Savings target Fixed at 5%