$949,900

Investment For Sale In Downtown, Cornwall, Ontario

$949,900

Property Information:

Fantastic Investment Opportunity! This well-maintained 5-plex offers a solid income profile with a mix of occupied units and upcoming turnover, providing both stability and value-add potential. Unit 9 is rented for $1,076.25/month plus $240 every three months, Unit 9A is rented for $1,125 plus electric, Unit 9B is currently rented for $1,638 plus electric and will be vacant as of March 1st, Unit 9C is currently vacant and rented as of March 1st for $1,025 plus electric, and Unit 9D is rented for $875 plus electric. Each unit is separately metered, allowing for straightforward management. Whether you're expanding your portfolio or securing a multi-unit property with future upside, this 5-plex presents an excellent opportunity. 48 hours' notice required for all showings and 48-hour irrevocable on all offers as per Form 244. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Other
  • Basement Type: None
  • Exterior Finish: Steel
  • Floor Space: 3000 - 3500 sqft
  • Foundation Type:
  • Heating Type: Baseboard heaters
  • Heating Fuel: Electric
  • Cooling Type: None

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 6
  • Bathrooms: 5
  • Floor Space (approx): 3000 - 3500 Square Feet
  • Irregular: Yes
  • Lot Depth: 77 Feet
  • Lot Frontage: 38.8 Feet
  • Lot Size: 38.8 x 77 FT
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 4

Courtesy of: RE/MAX AFFILIATES MARQUIS LTD.

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.