$524,000
$539,000
2.8%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
5 Baths
SOLD DATE : 04/16/2025
Key Details
Sold Price $524,000
Property Type Multi-Family
Sub Type Multiplex
Listing Status Sold
Purchase Type For Sale
Approx. Sqft < 700
Subdivision 717 - Cornwall
MLS Listing ID X11998757
Sold Date 04/16/25
Style 2-Storey
Bedrooms 7
Annual Tax Amount $3,666
Tax Year 2024
Property Sub-Type Multiplex
Property Description
Located in the heart of downtown Cornwall, this well-maintained 5-plex features four 1-bedroom units (tenanted), one spacious 2-bedroom unit (vacant), an oversized lot, and a double garage that may be used for extra income. Tenants enjoy the convenience of off-street parking and on-site coin-laundry machines, with easy access to shops, restaurants, public transit, and other local amenities. With strong rental demand in the area, this property presents an excellent opportunity for investors looking for a steady income stream. The vacant 2-bedroom unit allows you to choose your own tenant at market rent ($1600/month), or you can move in and have the other rental incomes supplement your mortgage payments! Don't miss out on this fantastic investment opportunity. Building upgrades include: Roof 2019; Boiler 2023; HWT 2022.
Location
Province ON
County Stormont, Dundas And Glengarry
Community 717 - Cornwall
Area Stormont, Dundas And Glengarry
Rooms
Family Room Yes
Basement Full, Unfinished
Kitchen 5
Interior
Interior Features Water Heater
Cooling None
Exterior
Garage Spaces 2.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 48.0
Lot Depth 166.0
Total Parking Spaces 7
Building
Foundation Stone
Others
Senior Community Yes
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