1236-1242 Notre Dame Street Cornwall, Ontario K6J 4Y6

$530,000

FULLY LEASED FOUR PLEX in a great north end location close to shopping, a beautiful local municipal park, and public transit. This 4-plex produces an estimated annual net net income before debt service & depreciation of approximately $35,000 annually based on an I/E statement provided by the seller that includes both actual expenses plus the other typical investment building expenses included in the I/E Statement that many independent appraisers and some banks will use to evaluate the property for loans to establish market value. Before any offer is made the owner has arranged with appropriate tenant notice to show one of the 1 bedroom units located in the back of the building, and one of the 2 bedroom units at the front to allow prospective buyers to inspect the general condition of the building before proceeding further with evaluating this investment property. Please note the tenants own their own appliances and there is washer/dryer hook ups in all 4 units. Seller instructions (form 244) requires the legal RTA notice to tenants as a requirement for all showings, and in addition the seller requires the seller property information statement signed by the buyer & submitted with any offer(s) plus 2 full business days irrevocable to review any/all offer(s). (id:37229)

Property Details

Building

Parking

Land

Utilities

https://www.realtor.ca/real-estate/29666441/1236-1242-notre-dame-street-cornwall-717-cornwall