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Est. payment | /mo
9 Beds
5 Baths
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Est. payment | /mo
9 Beds
5 Baths
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision 717 - Cornwall
MLS Listing ID X13524850
Bedrooms 9
Annual Tax Amount $2,139
Tax Year 2025
Property Sub-Type Investment
Property Description
APPROX 8.9 CAP RATE. Well-maintained 5-unit multiplex located in the heart of Cornwall that hits the 1% rule and offering great value-add opportunity. This centrally located property is steps to public transit and close to schools, shopping, and everyday amenities-making it highly attractive to students, seniors, and working professionals alike. Significant capital improvements have been completed over the last four years, including roof shingles, some windows, hot water tanks, updated flooring, fresh paint, and other interior upgrades, providing a solid foundation for the next owner. The building features five self-contained units, municipal water and sewer, and on-site parking. With strong rental demand in the area and clear opportunities to increase rents, renovate, and optimize the unit mix, this property offers substantial upside for a savvy investor. Ideal for both seasoned investors and those looking to expand their multi-residential portfolio in a growing Eastern Ontario market. Flexible possession available. A rare opportunity to acquire a well-located asset with immediate and long-term upside potential. Gross income: $75,600 | Insurance:$5504, Taxes: $2139.40, Water/Sewer:$1504 | NOI: $66,452.6 |
Location
Province ON
County Stormont, Dundas And Glengarry
Area Stormont, Dundas And Glengarry
Zoning Res20
Rooms
Kitchen 5
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 50.0
Lot Depth 51.66
Others
ParcelsYN No
Listed by CENTURY 21 SHIELD REALTY LTD.
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