New

Versatile Property Ideal For A Live-And-Earn Lifestyle

CA$1,689,000
  • 8 Rooms
  • 9 Bathrooms
  • ~425 m² Total surface
  • ~325 m² Living area

Description

*** 6% CAP RATE *** Exceptional investment opportunity in the heart of Rockwood. This fully rented property offers strong income potential, with current rents generating approximately $139,800 annually. Ideal for investors, multi-generational families, co-living arrangements, or those seeking a live-and-earn lifestyle, this versatile property presents a wide range of potential uses, including institutional housing or a rehabilitation facility, subject to all required approvals. Thoughtfully updated while preserving its character and charm, the property features numerous improvements, including a modern air exchanger system and fully spray-foamed insulation for enhanced energy efficiency. The spacious layout includes private suites in the west wing, a second-floor suite, and an expansive lower-level suite, providing flexibility for a variety of living arrangements. At the heart of the home is a generously sized chef’s eat-in kitchen, complete with a large island, two dishwashers, two oversized sinks, abundant cabinetry, main-floor laundry, and a commercial-grade stainless steel refrigerator. Outside, enjoy peaceful garden spaces, ample parking, and a prominent corner-lot location. Meticulously maintained and tastefully finished in neutral décor, this turnkey property offers an attractive blend of historic character and modern convenience. A rare opportunity to generate substantial income while occupying the property yourself. Whether you’re looking to expand your investment portfolio or create a unique living arrangement, Rockwood presents an outstanding opportunity to bring your vision to life.
Features
Air-conditioningBasement
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Engel & Völkers

Your advisor: Dennis Mehravar

Property ID: AM-5523440

Property details
  • Object type

    Apartment house

  • Rooms

    8

  • Bathrooms

    9

  • Number of Floors

    3

  • Parking spaces

    10

  • Total surface

    ~425 m²

  • Living area

    ~325 m²

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