320 Gleeson Avenue Cornwall, Ontario K6J 1E3
$1,195,000
MOTIVATED SELLER !!! 9 PLEX FOR SALE IN THE GROWING CORNWALL RENTAL MARKET!!! NINE UNIT APARTMENT BUILDING, UPDATED AND SPACIOUS UNITS (APPROXIMATELY 1000 SQUARE FEET) IN A NICE AREA OF THE CITY. GOOD PARKING AND EXTRA INCOME FROM COIN OPERATED LAUNDRY ROOM. THE BUILDING SHOWS VERY WELL WITH LOTS OF PARKING IN FRONT OF THE BUILDING. MIN. 24 HOUR NOTICE FOR SHOWINGS.GROSS AND NET INCOME IS BASED ON FULLY OCCUPANCY Total of 8-two bedrm units plus 1-one bedrm unit. Upgrades done last 2 years:- (Full New Roof- ) Renovated Unit 2,4,6,8- Unit 6 Extensive Renovation- Unit 1 Bathroom Overhaul and full Renovation of the unit. Painting and flooring updated in some units too- Newly Painted common areas in full building- Upgraded all electric panels from fuses to break panels.In the building Sewer Lateral Replacement - Brant New.Outdoor shed Removal.Front entrance is repainted..Currently close to a 6 % cap rate with some units way below market rent levels! Tons of potential! One of the Seller is Registered Real Estate Salesperson. (id:37229)
Business
| BusinessType | Residential |
| BusinessSubType | Apartments |
Property Details
| MLS® Number | X12457460 |
| Property Type | Multi-family |
| Community Name | 717 - Cornwall |
| EquipmentType | Furnace |
| Features | Irregular Lot Size |
| RentalEquipmentType | Furnace |
Building
| CoolingType | None |
| FireplacePresent | No |
| HeatingType | Other |
| SizeInterior | 10,000 Ft2 |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| SizeDepth | 103 Ft ,2 In |
| SizeFrontage | 114 Ft ,7 In |
| SizeIrregular | 114.6 X 103.2 Ft |
| SizeTotalText | 114.6 X 103.2 Ft |
| ZoningDescription | Res 40 |
https://www.realtor.ca/real-estate/28978882/320-gleeson-avenue-cornwall-717-cornwall
Contact Us
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
December 01 2025 09:04:06
Cornwall & District Real Estate Board
Exsellence Team Realty Inc.