707-713 First Street E Cornwall, Ontario K6H 1M3
5 Bedroom
4 Bathroom
2,000 - 2,500 ft2
Radiant Heat
$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 one main floor unit having its original 2 bedrooms, with the other having been converted into a more spacious one bedroom. All units are heated with gas space heaters. Renovation includes some 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:56864)
Property Details
| MLS® Number | X12076187 |
| Property Type | Multi-family |
| Community Name | 717 - Cornwall |
| Amenities Near By | Hospital, Park, Place Of Worship, Public Transit, Schools |
| Community Features | Community Centre |
| Equipment Type | Water Heater - Gas |
| Features | Sump Pump |
| Parking Space Total | 2 |
| Rental Equipment Type | Water Heater - Gas |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 5 |
| Bedrooms Total | 5 |
| Age | 51 To 99 Years |
| Amenities | Separate Heating Controls |
| Appliances | Water Heater, Stove, Refrigerator |
| Exterior Finish | Brick |
| Fire Protection | Smoke Detectors |
| Foundation Type | Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat |
| Stories Total | 2 |
| Size Interior | 2,000 - 2,500 Ft2 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Parking
| Detached Garage | |
| Garage |
Land
| Acreage | No |
| Land Amenities | Hospital, Park, Place Of Worship, Public Transit, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 107 Ft |
| Size Frontage | 40 Ft |
| Size Irregular | 40 X 107 Ft ; No |
| Size Total Text | 40 X 107 Ft ; No |
| Zoning Description | 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 25 2025 04:32:02
Cornwall & District Real Estate Board
Decoste Realty Inc.