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Cornwall,ON K6H 1M3
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision 717 - Cornwall
MLS Listing ID X12076187
Style 2-Storey
Bedrooms 5
Building Age 51-99
Annual Tax Amount $2,745
Tax Year 2024
Property Sub-Type Fourplex
Property Description
POSITIVE CASH FLOW FOURPLEX! Solid brick Fourplex in an upcoming area of Cornwall. This fourplex is in prime location with proximity to shops, school, college and recreational center. Good income with solid tenants. The units are all similar in size with some having their original 2 bedrooms, with others having been converted into a more spacious one bedroom. All units are heated with gas space heaters. Renovation includes most windows, and bathroom. The detached garage and attached shed offers great parking space and storage possibility. Don't miss this opportunity with the adjacent building also being sold by same owner... possibility to own a large piece of land in prime location. Rents are: $875 inclusive (2 units), $998.75 inclusive, $900 plus utilities (Total/year: $43,785). Expenses (2023) are: Prop.tax $2645, Water/Sewer $2296, Hydro $3383, Gas $4979, Insurance $3301 (Total/year: $16,604). Expenses for Hydro and Gas should be less in 2025 as one new tenant is now paying their own utilities.
Location
State ON
County Stormont, Dundas And Glengarry
Community 717 - Cornwall
Area Stormont, Dundas And Glengarry
Zoning Res 20
Rooms
Family Room No
Basement Other
Kitchen 4
Interior
Interior Features Separate Heating Controls,Sump Pump,Water Heater Owned
Cooling None
Inclusions 4 Refrigerators, 4 Stoves
Exterior
Parking Features Available
Garage Spaces 2.0
Pool None
Roof Type Flat
Lot Frontage 40.0
Lot Depth 107.0
Total Parking Spaces 2
Building
Foundation Concrete
Others
Senior Community Yes
Security Features Smoke Detector
ParcelsYN No