Don't miss out on this 6 plex with an excellent cap rate of 7.85%. The property features 1-3 bdrm unit, 2-2 bdrm units, 1-1 bdrm unit and 2 bachelor apartments. This building is fully rented and very clean. The building is for sale as the present owners are retiring. The property includes 5 fridges and 5 stoves (unit 1 is tenant owned)and a coin operated washer/dryer in the basement. There is a 2.5 car garage that could be converted to storage for extra rental income. The garage shingles were changed end of April, 2025. The property is adjacent to King George park and close to shopping, schools and bus. 48 hours notice for all showings and 48 hours irrevocable on all offers. (id:374)
| MLS # | X12609086 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 317 |
| Listing Provided By | RE/MAX AFFILIATES MARQUIS LTD. | TODD THOMPSON |
| SQ Feet | 2,500 |
|---|---|
| Zoning | RES |
| Acreage | 2500.00 |
| Cooling | None |
|---|---|
| Heating | Baseboard heaters |
| Fireplace Yes / No | No |
| Water Source | Municipal water |
|---|
| Tax Annual Amount | 3878 |
|---|---|
| Tax Year | 2025 |
| Province | ON |
|---|---|
| City | Cornwall |
| Postal Code | K6J2Y1 |
| Listing VS Median (in K6J2Y1) | |
Price: $699,900 low | high Med: $699,900 sqft: 2,500 low | high Med: 2,500 $ / sqft: $280 low | high Med: $280 On site: 317 low | high Med: 317 | |
| Province | ON |
|---|---|
| City | Cornwall |
| Postal Code | K6J2Y1 |
| Listing VS Median (in K6J2Y1) | |
Price: $699,900 low | high Med: $699,900 sqft: 2,500 low | high Med: 2,500 $ / sqft: $280 low | high Med: $280 On site: 317 low | high Med: 317 | |