168 Alma St, Guelph/Eramosa, Ontario N0B 2K0

New (2023) 2 Storey Fourplex In Downtown Rockwood. Appx. 5% + Cap Rate. Four 3 Bedrooms Units, 1.5 Baths each, 9 Ft. Ceilings, Pot Lights. Individual: Laundry, Gas, Hydro & Water Meters, Private Balconies & Parking Spaces, Custom Kitchens With Quartz Countertops, White Shaker Kit. Cabinets & More. Each Unit Is Appx. 1250 Sq. Ft., Zoning Is Commercial/Multi Residential. 10 Minutes Drive To Guelph University, Go Bus Stop Directly In Front Of The Building & Walking Distance To Buses, Shopping, Parks. All 4 Units are occupied At a monthly rental of $2,850.00 + Utilities. Finished Lower Level Rec. Rm. w/Potential 5th unit (2 Bed. 1 Bath, Kitchen & Laundry). Full set of SS Appliances for each unit. Individual central Heat/AC each unit. Description above is for each unit, 2 units on main floor & 2 units on 2nd floor. Potential 5th & 6th unit in basement, allowed for within the zoning, see attached floor plan. A Great Investment Opportunity. **** EXTRAS **** Lower Level is conf. for a Rec. Rm. or a potential 5th & 6th unit, 9 Ft. Ceiling : 2 Bdr. 1 Bath, Kit. & Laundry Rm. & large egress windows: 3 in Living area + 1 in each bedroom. Lower level showings; other units only with accepted offer. (id:27476)

This newly built fourplex in downtown Rockwood offers a great investment opportunity with a potential 5%+ cap rate. Each of the four 3-bedroom units features 1.5 baths, 9 ft. ceilings, pot lights, private balconies, and custom kitchens with quartz countertops and white shaker cabinets. The property is zoned for commercial/multi-residential use and is conveniently located just a 10-minute drive from Guelph University, with a Go Bus stop directly in front of the building and walking distance to buses, shopping, and parks.

All four units are currently occupied, each renting for $2,850.00 per month plus utilities. The finished lower level has the potential for a 5th unit, with a recreation room, 2 bedrooms, 1 bath, kitchen, and laundry. Each unit comes with a full set of stainless steel appliances and individual central heat/AC. The property also has a potential 6th unit in the basement, as allowed within the zoning regulations.

The lower level features 9 ft. ceilings, a recreation room, or potential 5th and 6th units, with large egress windows in the living area and each bedroom. Showings are available for the lower level, with other units only accessible with an accepted offer.

This property, located at 168 Alma St. in the community of Rockwood, is for sale and offers a land size of 66 x 132 FT, irregular as per survey (94.76 x 132.00). It is situated in a convenient location with nearby amenities such as parks, places of worship, public transit, and schools.

The property boasts a total of 9 bathrooms, 6 bedrooms above ground, and 6 bedrooms below ground, for a total of 12 bedrooms. It also features central air conditioning, stucco exterior finish, and is heated using natural gas and forced air. With 2 stories in total, this property presents a unique and lucrative investment opportunity in a desirable location.