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$815,000

Cornwall ON, K6J 2V7

MLS® # X12339637

Property Information:

5-Plex for Sale! This uniquely designed Apartment building is situated on a corner lot, at 501 Fifth St W and 48 Gulf St, and features a large, 2 storey 3 bedroom unit, two 2-bedroom units, and two 1-bedroom units. With a Cap Rate of 7%, this is a great investment to round out your portfolio. There have been major upgrades to the building, only 3 years old, with a new roof in 2022 and new engineered stairs with steel/concrete footings done in 2024. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Floor Space: 5081 sqft
  • Heating Type: Baseboard heaters
  • Cooling Type: None

Property Features:

  • Property Type: Multi-family
  • Floor Space (approx): 5081 Square Feet
  • Irregular: Yes
  • Lot Depth: 49.0 Feet
  • Lot Frontage: 103.0 Feet
  • Lot Size: 103 x 49 FT
  • Zoning: Res20
  • No. of Parking Spaces: 6

Courtesy of: RE/MAX AFFILIATES MARQUIS LTD.

REALTOR.ca  

Potential Investment Performance

There is not enough data on this property to provide a potential investment performance at this time, please click the button below for an in-person valuation

Location of 501 FIFTH STREET W, Cornwall, Ontario, K6J 2V7

Demographic Information of 501 FIFTH STREET W, Cornwall, Ontario, K6J 2V7

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$77,456.46

Average Number of Children

1.72

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

26.44 %

High school certificate or equivalent

36.0 %

Apprenticeship trade certificate/diploma

7.14 %

College/non-university certificate

25.99 %

University certificate (below bachelor)

0.01 %

University Degree

4.41 %

Commuter

Travel To Work

By Car

83.49 %

By Public Transit

1.41 %

By Walking

11.77 %

By Bicycle

2.17 %

By Other Methods

1.16 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

18.95 %

Houses

81.05 %

Own Vs. Rent