101 Guelph Street Rockwood
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- Listed Since: November 18th 2019
A fabulous opportunity for a mixed-use building. Whether you have a dream of running your own business and need a place to live as well, or youre a pure investor and would like to diversify with residential, retail and commercial all in one building, this is a once in a lifetime opportunity. Located on the very busy highway 7 (corner of Guelph St and Main) in Rockwood, with thousands of drive-bys every day. This unique building offers up almost 2,000 SF of prime retail space. It also has over 1,500 SF of industrial/commercial space in the walkout basement. And best of all, 2,700+ SF of luxurious living space on the 2nd floor. This 3 bedroom, two bathroom home (on the 2nd floor) offers an entertainers dream with open concept space between kitchen and oversized dining area. A monstrous living room with a gas fireplace while overlooking the lovely back yard. This entire space is carpet free yet offers up in-floor heating in the ensuite bath and has hardwood and slate throughout. Stroll down the stairs and youre in your retail space in under 30 seconds. What a wonderful commute. Call for your own private viewing of this wonderful space. Note, the existing business is NOT for sale. (id:23309)
- Address: 101 GUELPH STREET
- Location: ROCKWOOD
- Ownership: FREEHOLD
- MLS: 30777761
|Utility room||Basement||5' 4'' x 13' 8''|
|Workshop||Basement||23' 7'' x 17' 0''|
|Workshop||Basement||34' 3'' x 23' 0''|
|Storage||Basement||7' 5'' x 19' 5''|
|Storage||Basement||6' 8'' x 16' 6''|
|Other||Ground level||34' 7'' x 21' 10''|
|2pc Bathroom||Ground level||6' 11'' x 4' 9''|
|Sunroom||Ground level||6' 11'' x 18' 8''|
|Other||Ground level||36' 4'' x 17' 10''|
|Living room||Second level||35' 4'' x 17' 7''|
|Laundry room||Second level||7' 8'' x 18' 2''|
|Kitchen||Second level||13' 9'' x 19' 6''|
|Dining room||Second level||16' 5'' x 19' 6''|
|Bedroom||Second level||14' 9'' x 22' 1''|
|Bedroom||Second level||12' 1'' x 9' 0''|
|4pc Ensuite bath||Second level||7' 2'' x 12' 4''|
|4pc Bathroom||Second level||7' 2'' x 11' 1''|
|Master bedroom||Second level||19' 6'' x 12' 8''|
Monthly Mortgage Payments
Thinking about buying 101 Guelph Street -- lets calculate some payment options and see if purchasing this home can become a reality.
- Down Payment
The amount of money you pay up front to obtain a mortgage. The minimum down payment is 5% and for down payments of less than 20%, home buyers are required to purchase mortgage default insurance, commonly referred to as CMHC insurance.
- Mortgage Insurance
Mortgage default insurance, commonly referred to as CMHC insurance, protects the lender in the case the borrower defaults on the mortgage. Mortgage default insurance is required on all mortgages with down payments of less than 20%, which are known as high ratio mortgages. Mortgage default insurance is calculated as a percentage and is applied to your mortgage amount.
- Mortgage Rate
The rate of interest you will pay on the outstanding balance of your mortgage.
- Mortgage Type
The mortgage type includes the term of the mortgage, between 1 to 10 years and the rate type, variable or fixed. The mortgage term is the length of time you commit to the terms, conditions and mortgage rate. The mortgage rate type can be fixed for the duration of the term or variable, fluctuating with the prime rate. Fixed rates are most popular and represent 66% of all mortgages, according to the Canadian Association of Accredited Mortgage Professionals.
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