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502 Marlborough Street Cornwall, Ontario K6H 4A7

None Forced Air, Space Heater


Just reduced to $339,000 - Cap Rate now at 8.17% !!! Fantastic Duplex Opportunity! This well-maintained side-by-side duplex features two-storey units, each comprising 2 beds and 1 bath. One unit is currently owner-occupied and will be vacant upon possession. Heated with forced air gas, the rented side is heated with a gas space heater. Ideal for investors or owner-occupiers, the property offers a shared shed behind paved parking. The tenant in one unit pays $955 all-inclusive with last month's rent on hand. The owner's unit could rent for $2000 per month + utilities, yielding a net cash flow of almost $28,000 and a cap rate of 8.17% Roof & Windows replaced in 2018 (as per prev owner) Hot Water Tanks (2) 2017 Whether you're expanding your investment portfolio or seeking assistance with mortgage expenses as a first-time homebuyer, this duplex is a perfect choice. (id:37229)

Property Details

MLS® Number 1387133
Property Type Multi-family
Neigbourhood Cornwall
Amenities Near By Public Transit, Shopping
Communication Type Internet Access
Parking Space Total 2
Storage Type Storage Shed


Basement Development Unfinished
Basement Type Cellar (unfinished)
Constructed Date 1900
Construction Material Wood Frame
Cooling Type None
Exterior Finish Siding, Vinyl
Fireplace Present No
Flooring Type Laminate
Heating Fuel Natural Gas
Heating Type Forced Air, Space Heater
Stories Total 2
Type Duplex
Utility Water Municipal Water




Acreage No
Current Use Development Residential
Land Amenities Public Transit, Shopping
Sewer Municipal Sewage System
Size Depth 88 Ft
Size Frontage 42 Ft
Size Irregular 42 Ft X 88 Ft
Size Total Text 42 Ft X 88 Ft
Zoning Description Res20


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