21
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$599,900
Est. payment /mo
6 Beds
4 Baths
New
2 Baldwin AVE Cornwall, ON K6H 4H6
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision 717 - Cornwall
MLS Listing ID X12437833
Style 2-Storey
Bedrooms 6
Annual Tax Amount $2,043
Tax Year 2025
Property Sub-Type Fourplex
Property Description
Welcome to this positive cash-flowing fourplex ideally located within close proximity to schools, St. Lawrence College, and a variety of shopping options, making it a highly desirable rental location.This well-maintained property boasts west-facing windows that were all updated in 2022, allowing for plenty of natural light and improved energy efficiency. Each unit is equipped with brand new gas space heaters, installed in 2022, providing reliable and cost-effective heating for tenants.The four units are currently rented at competitive market rates, with rents as follows: Unit 2 at $1250.50 plus utilities, Unit 4 at $1,375 plus utilities, Unit 6 at $1,300 plus utilities, and Unit 8 at $1,225 plus utilities. There is no vacancy and tenants responsible for utilities, this property offers excellent operating efficiency. The net operating income (NOI) for this investment is approximately $51,986.65, making it a highly attractive opportunity for investors seeking immediate income and long-term growth potential. 24 Hour notice for showings, 48 Hour irrevocable on all offers as per form 244.
Location
Province ON
County Stormont, Dundas And Glengarry
Community 717 - Cornwall
Area Stormont, Dundas And Glengarry
Rooms
Family Room No
Basement Unfinished
Kitchen 4
Interior
Interior Features Separate Hydro Meter
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features None
Pool None
Roof Type Asphalt Shingle
Lot Frontage 37.0
Lot Depth 54.0
Building
Foundation Poured Concrete
Listed by RE/MAX AFFILIATES MARQUIS LTD.
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