707-713 First Street E Cornwall, Ontario K6H 1M3
$435,000
POSITIVE CASH FLOW FOURPLEX! Solid brick Fourplex in an upcoming area of Cornwall. This fourplex is in prime location with proximity to shops, school, college and recreational center. Good income with solid tenants. The units are all similar in size with some having their original 2 bedrooms, with others having been converted into a more spacious one bedroom. All units are heated with gas space heaters. Renovation includes most windows, and bathroom. The detached garage and attached shed offers great parking space and storage possibility. Don't miss this opportunity with the adjacent building also being sold by same owner... possibility to own a large piece of land in prime location. Rents are: $875 inclusive (2 units), $998.75 inclusive, $900 plus utilities (Total/year: $43,785). Expenses (2023) are: Prop.tax $2645, Water/Sewer $2296, Hydro $3383, Gas $4979, Insurance $3301 (Total/year: $16,604). Expenses for Hydro and Gas should be less in 2025 as one new tenant is now paying their own utilities. (id:37229)
Property Details
| MLS® Number | X12076187 |
| Property Type | Multi-family |
| Community Name | 717 - Cornwall |
| AmenitiesNearBy | Hospital, Park, Place Of Worship, Public Transit, Schools |
| CommunityFeatures | Community Centre |
| EquipmentType | Water Heater - Gas |
| Features | Sump Pump |
| ParkingSpaceTotal | 2 |
| RentalEquipmentType | Water Heater - Gas |
Building
| BathroomTotal | 4 |
| BedroomsAboveGround | 5 |
| BedroomsTotal | 5 |
| Age | 51 To 99 Years |
| Amenities | Separate Heating Controls |
| Appliances | Water Heater, Stove, Refrigerator |
| ExteriorFinish | Brick |
| FireProtection | Smoke Detectors |
| FireplacePresent | No |
| FoundationType | Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Radiant Heat |
| StoriesTotal | 2 |
| SizeInterior | 2,000 - 2,500 Ft2 |
| Type | Fourplex |
| UtilityWater | Municipal Water |
Parking
| Detached Garage | |
| Garage |
Land
| Acreage | No |
| LandAmenities | Hospital, Park, Place Of Worship, Public Transit, Schools |
| Sewer | Sanitary Sewer |
| SizeDepth | 107 Ft |
| SizeFrontage | 40 Ft |
| SizeIrregular | 40 X 107 Ft ; No |
| SizeTotalText | 40 X 107 Ft ; No |
| ZoningDescription | Res 20 |
Utilities
| Cable | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/28152860/707-713-first-street-e-cornwall-717-cornwall
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April 10 2025 11:59:14
Cornwall & District Real Estate Board
Decoste Realty Inc.