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Ontario
Cornwall
320 GLEESON AVENUE

$1,195,000

Cornwall ON, K6J 1E3

MLS® # X12457460

Property Information:

MOTIVATED SELLER !!! 9 PLEX FOR SALE IN THE GROWING CORNWALL RENTAL MARKET!!! NINE UNIT APARTMENT BUILDING, UPDATED AND SPACIOUS UNITS (APPROXIMATELY 1000 SQUARE FEET) IN A NICE AREA OF THE CITY. GOOD PARKING AND EXTRA INCOME FROM COIN OPERATED LAUNDRY ROOM. THE BUILDING SHOWS VERY WELL WITH LOTS OF PARKING IN FRONT OF THE BUILDING. MIN. 24 HOUR NOTICE FOR SHOWINGS.GROSS AND NET INCOME IS BASED ON FULLY OCCUPANCY Total of 8-two bedrm units plus 1-one bedrm unit. Upgrades done last 2 years:- (Full New Roof- ) Renovated Unit 2,4,6,8- Unit 6 Extensive Renovation- Unit 1 Bathroom Overhaul and full Renovation of the unit. Painting and flooring updated in some units too- Newly Painted common areas in full building- Upgraded all electric panels from fuses to break panels.In the building Sewer Lateral Replacement - Brant New.Outdoor shed Removal.Front entrance is repainted..Currently close to a 6 % cap rate with some units way below market rent levels! Tons of potential! One of the Seller is Registered Real Estate Salesperson. (id:27)

Building Features:

Style: Multiplex
Building Type: Multi-Family
Floor Space: 10000 sqft
Heating Type: Other
Cooling Type: None

Property Features:

Property Type: Multi-family
Features: Irregular lot size
Floor Space (approx): 10000 Square Feet
Irregular: Yes
Lot Depth: 103.2 Feet
Lot Frontage: 114.6 Feet
Lot Size: 114.6 x 103.2 FT
Zoning: Res 40

Courtesy of: EXSELLENCE TEAM REALTY INC.

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Market Price Trends

Location of 320 GLEESON AVENUE, Cornwall, Ontario, K6J 1E3

Lifestyle
Neighbourhood

Demographic Information of 320 GLEESON AVENUE, Cornwall, Ontario, K6J 1E3

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$67,314.32

Average Number of Children

1.52

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

28.02 %

High school certificate or equivalent

32.1 %

Apprenticeship trade certificate/diploma

8.24 %

College/non-university certificate

24.6 %

University certificate (below bachelor)

0.81 %

University Degree

6.23 %

Commuter

Travel To Work

By Car

75.29 %

By Public Transit

4.84 %

By Walking

9.89 %

By Bicycle

0.0 %

By Other Methods

9.98 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

65.2 %

Houses

34.8 %

Own Vs. Rent