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Cornwall,ON K6H 4L8
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision 717 - Cornwall
MLS Listing ID X12026759
Style 2-Storey
Bedrooms 6
Annual Tax Amount $1,953
Tax Year 2024
Property Sub-Type Duplex
Property Description
Investor Alert! This turnkey duplex in Cornwall delivers exceptional cash flow, generating over $30,000 in net income annually, with a cap rate exceeding 8%. Fully leased with reliable tenants, this property is an excellent addition to any investment portfolio. Each 3-bedroom unit is approximately 700 sq. ft. and has been renovated to enhance tenant appeal. The lower unit was updated in 2024 with new flooring, kitchen, lighting, paint, doors, and some new windows, while the upper unit, renovated in 2020, features a new kitchen, fresh paint, and updated baseboard heaters. The landlord-owned appliances add further value, and with tenants covering their own utilities (except water/sewer), operating costs remain low. Located in a high-demand rental market, this income-generating property offers strong returns from day one. Don't miss out! Contact us today for financials or to schedule a viewing!
Location
Province ON
County Stormont, Dundas And Glengarry
Community 717 - Cornwall
Area Stormont, Dundas And Glengarry
Rooms
Family Room No
Basement Separate Entrance
Kitchen 2
Interior
Interior Features Carpet Free
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Mutual
Pool None
Roof Type Asphalt Shingle
Lot Frontage 26.37
Lot Depth 127.13
Total Parking Spaces 4
Building
Foundation Poured Concrete