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Royal LePage
Royal LePage
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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  

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⚠ Potential Investment Performance

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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

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