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Updated Multifamily Property
For Sale
$1,689,000

125 Richardson Street, ON

Rockwood, ON

Property Size3,503 SF
Price / SF$482.16
Days on Market59

Property Features for 125 Richardson Street

General Information

Property type Residential Multi Family
Property subtype Single Family Attached
Bedrooms 8
Bathrooms 9
Full bathrooms 9
Rooms Bedroom 3, Bedroom 7, Bedroom 8, Bedroom 2, Bedroom 1, Bedroom 4, Bedroom 6, Bedroom 5
Standard status Active
Size 3,503 SF

Amenities

garden spaces
main-floor laundry
Listing Agency: Engel & Volkers Toronto Central Kitchener Waterloo · Engel & Völkers
Listed By: Dennis Mehravar
Added: Jun 25 Changed: Aug 20 Last Checked: Aug 22 at 9:06AM
MLS# 40838550

Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 3,503-square-foot multifamily property includes eight bedrooms, private suites in the west wing, a second-floor suite, and a substantial lower-level suite. The interior has been updated with spray-foam insulation and a modern air exchanger system. A large eat-in kitchen provides an island, two dishwashers, two oversized sinks, extensive cabinetry, main-floor laundry, and a commercial-grade stainless steel refrigerator.

The property occupies a prominent corner lot at 125 Richardson Street in Rockwood, Wellington County, with garden areas and ample parking. It is fully rented and reports a 6% cap rate. The configuration also includes shared living space and multiple private areas, supporting varied residential arrangements while retaining the character of the original home.

Key Highlights

  • 3,503 SF multifamily property with 8 bedrooms
  • 6% cap rate and fully rented occupancy
  • Private suites in the west wing, second floor, and lower level

Property Analytics

Current Use

Single family properties

Lease Details

100%
Occupancy

Market

Vacancy Rate% for Multifamily in the U.S.

7.1% 2022
8.3% 2023
9.3% 2024
9.3% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Updated income-producing residence with multiple private suites and flexible living areas.
Where is this multifamily property located?
The property is located at 125 Richardson Street ON.
What is the asking price?
The asking price for this property is $1,689,000.
What are key features of this property?
This property features: 3,503 SF multifamily property with 8 bedrooms; 6% cap rate and fully rented occupancy; Private suites in the west wing, second floor, and lower level
More about this property
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