120-122 Sydney Street Cornwall, Ontario K6H 3H2
$1,150,000
BEAUTIFULLY RENOVATED UNIQUE HISTORIC BRICK BUILDING IN DOWNTOWN LOCATION! Check out this very unique historic building which has been converted to an easy to maintain 5 Plex residential apartment building (5,272 sq.ft. as per MPAC). All renovations were completed with proper building permits, inspections and finals approvals done on all permits. This fully renovated/fully occupied property has an approximate /estimated annual net cash flow of over $72,900 and the listed price is based on an attractive capitalization rate return based on the I/E provided by the seller. Each apartment is finished with hardwood flooring & beautifully updated contemporary kitchens with granite counters & stainless steel dishwasher + bathrooms. The units are all very spacious with two bedrooms, a 4pc bath, an in-suite laundry & features such as central self-controlled AC, individual decks, private/paved on-site parking and stainless steel appliances of which are included with all leases. Each unit has its own services with separate meters + the tenants pay their own utilities. Seller requires SPIS signed & submitted with all offer(s) and 2 full business days irrevocable to review any/all offer(s). (id:37229)
Business
| BusinessType | Residential |
| BusinessSubType | Apartments |
Property Details
| MLS® Number | X12044678 |
| Property Type | Multi-family |
| Community Name | 717 - Cornwall |
| AmenitiesNearBy | Public Transit |
| ParkingSpaceTotal | 6 |
Building
| Age | 100+ Years |
| Appliances | Dishwasher, Dryer, Stove, Washer, Refrigerator |
| CoolingType | Fully Air Conditioned |
| FireplacePresent | No |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| SizeInterior | 5,272 Ft2 |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Public Transit |
| SizeDepth | 108 Ft ,11 In |
| SizeFrontage | 67 Ft ,10 In |
| SizeIrregular | 67.87 X 108.97 Ft |
| SizeTotalText | 67.87 X 108.97 Ft |
| ZoningDescription | Central Business District |
https://www.realtor.ca/real-estate/28081058/120-122-sydney-street-cornwall-717-cornwall
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March 28 2025 02:01:35
Cornwall & District Real Estate Board
Cameron Real Estate Brokerage