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Ontario
Cornwall
9 FIRST STREET E

$949,900

Cornwall ON, K6H 1K5

MLS® # X12612404

Property Information:

Fantastic Investment Opportunity! This well-maintained 5-plex offers a strong mix of occupied and vacant units, providing both reliable rental income and excellent value-add potential. Unit 9 is rented for $1,076 per month plus $80 for water + electric, Unit 9B brings in $1,638 plus electric, and Unit 9D is rented for $875 plus electric, while Units 9A and 9C will both be vacant (with 9A becoming vacant as of December 31st, 2025), offering exceptional flexibility for renovation, repositioning, or maximizing future rents. Each unit is separately metered, ensuring straightforward management. Whether you're looking to expand your portfolio or secure a multi-unit building with strong income growth potential, this 5-plex is a must-see. 48 hours' notice required for all showings and 48-hour irrevocable on all offers as per Form 244. (id:27)

Building Features:

Style: Multiplex
Building Type: Other
Basement Type: None
Exterior Finish: Steel
Floor Space: 3000 - 3500 sqft
Foundation Type:
Heating Type: Baseboard heaters
Heating Fuel: Electric
Cooling Type: None

Property Features:

Property Type: Multi-family
Bedrooms: 6
Bathrooms: 5
Floor Space (approx): 3000 - 3500 Square Feet
Irregular: Yes
Lot Depth: 77.0 Feet
Lot Frontage: 38.8 Feet
Lot Size: 38.8 x 77 FT
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 4

Courtesy of: RE/MAX AFFILIATES MARQUIS LTD.

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Market Price Trends

Location of 9 FIRST STREET E, Cornwall, Ontario, K6H 1K5

Lifestyle
Neighbourhood

Demographic Information of 9 FIRST STREET E, Cornwall, Ontario, K6H 1K5

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$78,282.55

Average Number of Children

1.62

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

22.03 %

High school certificate or equivalent

36.08 %

Apprenticeship trade certificate/diploma

7.36 %

College/non-university certificate

23.76 %

University certificate (below bachelor)

0.51 %

University Degree

10.26 %

Commuter

Travel To Work

By Car

82.39 %

By Public Transit

6.0 %

By Walking

9.67 %

By Bicycle

1.51 %

By Other Methods

0.43 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

56.88 %

Houses

43.12 %

Own Vs. Rent