$699,900

Investment For Sale In Downtown, Cornwall, Ontario

$699,900

Property Information:

Don't miss out on this 6 plex with an excellent cap rate of 7.88%. The property features 1-3 bdrm unit, 2-2 bdrm units, 1-1 bdrm unit and 2 bachelor apartments. This building is fully rented and very clean. The building is for sale as the present owners are retiring. The property includes 5 fridges and 5 stoves (unit 1 is tenant owned)and a coin operated washer/dryer in the basement. There is a 2.5 car garage that could be converted to storage for extra rental income. The garage shingles were changed end of April, 2025. The property is adjacent to King George park and close to shopping, schools and bus. 48 hours notice for all showings and 48 hours irrevocable on all offers. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Floor Space: 2500 sqft
  • Heating Type: Baseboard heaters
  • Cooling Type: None

Property Features:

  • Property Type: Multi-family
  • Amenities Nearby: Public Transit
  • Floor Space (approx): 2500 Square Feet
  • Lot Depth: 132.0 Feet
  • Lot Frontage: 44.6 Feet
  • Zoning: RES

Courtesy of: RE/MAX AFFILIATES MARQUIS LTD.

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.