$450,000

Investment For Sale In East End, Cornwall, Ontario

$450,000

Property Information:

This fully furnished, income-generating duplex is now on the market; a true cash-flow machine that shows real pride of ownership. Located just steps from St. Lawrence College, restaurants, and shopping, it's perfectly positioned for steady rental demand. Inside, you'll find recently renovated kitchens and bathrooms, along with updated tile and laminate flooring throughout. Each level features front covered balconies and large enclosed back porches, plus a fully fenced yard. The garage and oversized driveway easily fit up to 7 vehicles. The main floor is heated by a forced-air gas furnace (2014), while the upper level runs on electric baseboards and a supplemental electric heater. Two owned gas hot water tanks service the building. Currently rented by the room, this property generates $4,800/month ($57,600 annually, all inclusive of utilities and internet). A turnkey investment opportunity with strong income from day one. (id:27)

Building Features:

  • Style: Duplex
  • Building Type: Duplex
  • Basement Development: Partially finished
  • Basement Type: Full
  • Exterior Finish: Aluminum siding
  • Floor Space: 1500 - 2000 sqft
  • Foundation Type: Poured Concrete
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning
  • Appliances: Dryer, Hood Fan, Microwave, Stove, Washer

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 7+1
  • Bathrooms: 2
  • Floor Space (approx): 1500 - 2000 Square Feet
  • Irregular: Yes
  • Lot Depth: 120.0 Feet
  • Lot Frontage: 50.0 Feet
  • Lot Size: 50 x 120 FT
  • Sewer: Sanitary sewer
  • Parking Type: Detached garage, Garage
  • No. of Parking Spaces: 7

Courtesy of: RE/MAX HALLMARK REALTY GROUP

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

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

  • Note: photo has been decluttered with A.I. -
  • Note: photo has been decluttered with A.I. -
  • Note: photo has been decluttered with A.I. -
  • Note: photo has been decluttered with A.I. -
  • Note: photo has been decluttered with A.I. -
  • Upstairs room photo from a previous listing. -
  • Upstairs room photo from a previous listing. -
  • Upstairs room photo from a previous listing. -
  • Upstairs bathroom photo from a previous listing. -