1107 GRETCHEN COURT, Cornwall, Ontario, K6H 6T2

MLS® # X12814648

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Investment For Sale In Centretown, Cornwall, Ontario

$2,650,000

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Fourplex - 1107 Gretchen Court, Cornwall, ON - Outdoor

Fourplex - 1107 Gretchen Court, Cornwall, ON - Outdoor With Facade

Duplex - 1107 Gretchen Court, Cornwall, ON - Outdoor

Duplex - 1107 Gretchen Court, Cornwall, ON - Outdoor With Facade

1107 Gretchen Court, Cornwall, ON - Outdoor

1107 Gretchen Court, Cornwall, ON - Outdoor With View

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1107 GRETCHEN COURT, Cornwall, Ontario, K6H 6T2

$2,650,000

Property Information:

Welcome to 1107 Gretchen Court, a well-located property that hosts both a 2016 built fourplex and a 2024/25 built duplex all on one lot for a total of 6 units on one property. Each of the spacious units offer stunning curb appeal and all the conveniences that appeal to a wide spectrum of tenants. Each of the 6 units on this turn key investment property are approximately 1100sqft and feature 2 bedrooms, 1 bathroom, natural gas forced air furnace, and central air conditioning. The upper units in the fourplex host west facing balconies while the main level units in the fourplex have both a front entrance and a rear entrance off the parking lot. This property currently grosses $135,648 annually, and with market priced rents has a potential gross revenue of $156,000 annually. Current operating expenses are $22,465.50 and Net Operating Income is $113,182.50. 24h Notice minimum for all showings. As per for 244, seller required 24h irrevocable on all offers. (id:27)

Building Features:

Style: Multiplex
Building Type: Other
Basement Type: None
Exterior Finish: Vinyl siding, Brick
Floor Space: 5000 - 100000 sqft
Foundation Type: Concrete
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances:

Property Features:

Property Type: Multi-family
Floor Space (approx): 5000 - 100000 Square Feet
Irregular: Yes
Lot Depth: 187.8 Feet
Lot Frontage: 110.3 Feet
Lot Size: 110.4 x 187.9 FT
Structure Type: Patio(s)
Utility Type: Hydro - Installed, Cable - Installed, Sewer - Installed
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 8

Courtesy of: RE/MAX AFFILIATES MARQUIS LTD.

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