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Ontario
Cornwall
454 EIGHTH STREET E

$524,900

Cornwall ON, K6H 2T2

MLS® # X12440499

Property Information:

Fantastic Investment Opportunity! This well-maintained triplex offers a total of 8 bedrooms across three spacious units, each with strong rental income: Unit 450 ($1,291.51), Unit 452 ($1,750.00), and Unit 454 ($1,850.00). That's over $4,500/month in gross rents, with an approximate Net Operating Income (NOI) of $45,441.64! Each unit is separately metered (4 hydro meters on site), making management simple and efficient. The property includes an attached garage ideal for tenant storage or additional income, plus three backyard sheds for even more storage options. Whether you're looking to expand your portfolio or house-hack, this property is a must-see! 24 Hour Notice for all showings, 48 Hour Irrevocable on all offers as per form 244. (id:27)

Building Features:

Style: Triplex
Building Type: Triplex
Basement Type: Partial
Exterior Finish: Vinyl siding
Floor Space: 3000 - 3500 sqft
Foundation Type: Concrete
Heating Type: Radiant heat
Heating Fuel: Natural gas
Cooling Type: None
Appliances:

Property Features:

Property Type: Multi-family
Bedrooms: 8
Bathrooms: 3
Features: Carpet Free
Floor Space (approx): 3000 - 3500 Square Feet
Irregular: Yes
Lot Size: 44 x 91.1 Acre
Sewer: Sanitary sewer
Parking Type: Attached garage, Garage
No. of Parking Spaces: 4

Courtesy of: RE/MAX AFFILIATES MARQUIS LTD.

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⚠ Potential Investment Performance

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Market Price Trends

Location of 454 EIGHTH STREET E, Cornwall, Ontario, K6H 2T2

Lifestyle
Neighbourhood

Demographic Information of 454 EIGHTH STREET E, Cornwall, Ontario, K6H 2T2

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$80,455.28

Average Number of Children

1.69

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

25.36 %

High school certificate or equivalent

39.84 %

Apprenticeship trade certificate/diploma

6.24 %

College/non-university certificate

24.02 %

University certificate (below bachelor)

0.26 %

University Degree

4.27 %

Commuter

Travel To Work

By Car

82.65 %

By Public Transit

4.04 %

By Walking

7.81 %

By Bicycle

0.62 %

By Other Methods

4.88 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

21.04 %

Houses

78.96 %

Own Vs. Rent