625 Montreal Road Cornwall, Ontario K6H 1C3
$879,900
Attention Investors! Newly converted legal Tri-Plex being sold vacant! Pick your tenants! Set your own rents & no rent control! Fully Renovated! Solid building with original construction 2006! Walking distance to St. Lawrence College. 3 units each with 2 bedrooms, kitchen, washer & dryer, & dishwasher hook ups. Building is turn key! Roof 5+/- years! Electrical updates & plumbing updates! Conversion 2024, 3 meters, 3 hot water heaters & all units pay own utilities. Exterior freshly painted. Final stages of construction underway & will be completed prior to closing, units will be completed to same standard & material as the current completed unit. Property Taxes & Water taxes to be determine by MPAC due to conversion from Commercial to Residential. Don't miss adding this property to your portfolio. Cash flow is an estimate of current market rents. Buyer to confirm taxes & water. Estimated rental income creates a cap rate of 5.6%. 24 hours on all offers as per form 244. Seller is Broker (id:37229)
Property Details
| MLS® Number | 1411326 |
| Property Type | Multi-family |
| Neigbourhood | Cornwall |
| ParkingSpaceTotal | 4 |
Building
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| ConstructedDate | 2006 |
| ConstructionStyleAttachment | Attached |
| CoolingType | None |
| ExteriorFinish | Siding |
| FireplacePresent | No |
| FlooringType | Laminate, Other |
| HeatingFuel | Electric |
| HeatingType | Baseboard Heaters |
| StoriesTotal | 2 |
| Type | Triplex |
| UtilityWater | Municipal Water |
Parking
| Gravel |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| SizeDepth | 108 Ft ,11 In |
| SizeFrontage | 43 Ft ,1 In |
| SizeIrregular | 43.12 Ft X 108.94 Ft (irregular Lot) |
| SizeTotalText | 43.12 Ft X 108.94 Ft (irregular Lot) |
| ZoningDescription | Residential |
https://www.realtor.ca/real-estate/27509876/625-montreal-road-cornwall-cornwall
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October 06 2024 03:15:20
Cornwall & District Real Estate Board
Assist-2-Sell And Buyers Realty