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:35492)
Property Details
| MLS® Number | 1411326 |
| Property Type | Multi-family |
| Neigbourhood | Cornwall |
| Parking Space Total | 4 |
Building
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 2006 |
| Construction Style Attachment | Attached |
| Cooling Type | None |
| Exterior Finish | Siding |
| Flooring Type | Laminate, Other |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Stories Total | 2 |
| Type | Triplex |
| Utility Water | Municipal Water |
Parking
| Gravel |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Depth | 108 Ft ,11 In |
| Size Frontage | 43 Ft ,1 In |
| Size Irregular | 43.12 Ft X 108.94 Ft (irregular Lot) |
| Size Total Text | 43.12 Ft X 108.94 Ft (irregular Lot) |
| Zoning Description | Residential |
https://www.realtor.ca/real-estate/27509876/625-montreal-road-cornwall-cornwall
Interested?
Contact us for more information
Tracy Wheeler
Broker of Record
www.4cornwallhomes.com/
224 Second St W
Cornwall, Ontario K6J 1G7
(613) 932-0001
(613) 932-0009
www.4cornwallhomes.com/
Amanda Brisson
Salesperson
224 Second St W
Cornwall, Ontario K6J 1G7
(613) 932-0001
(613) 932-0009
www.4cornwallhomes.com/
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®)
Cornwall & District Real Estate Board
Assist-2-Sell And Buyers Realty
October 06 2024 03:15:20
