1316 Cumberland Street

Cornwall, Ontario K6J 4K7

6 Bedrooms

4 Bathrooms

1,500 - 2,000 sqft Interior

4 Parking spaces

50 X 100 Ft Lot size

1 day ago Listed

None Baseboard Heaters, Forced Air

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About this home

1316 Cumberland Street is a strong income producing fourplex bringing in approximately $53,556 in annual rental income with an estimated NOI of $38,488. At the current asking price, that works out to an impressive 7.7% cap rate and approximately 12% cash-on-cash ROI (Approx figures. Actual rates, expenses and returns may vary) Add in a metal roof and a ton of parking in the rear - a huge advantage for a multi-unit property, and you've got an investment built for strong cash flow today with long-term potential. Four units. Great income. High cash flow. This one deserves a spot in your portfolio. Reach out now for income/expense breakdown. (id:28469)

Facts & features

Property

MLS® Number: X13769134
Property Type: Multi-family
Community Name: 717 - Cornwall
Parking Space Total: 4

Building

Bathroom Total: 4
Bedrooms Above Ground: 6
Bedrooms Total: 6
Basement Development: Unfinished
Basement Type: N/a (unfinished)
Cooling Type: None
Exterior Finish: Vinyl Siding
Foundation Type: Concrete
Heating Fuel: Electric, Natural Gas
Heating Type: Baseboard Heaters, Forced Air
Stories Total: 2
Size Interior: 1,500 - 2,000 Sqft
Type: Fourplex
Utility Water: Municipal Water

Parking

No Garage: —

Land

Acreage: No
Sewer: Sanitary Sewer
Size Depth: 100 Ft
Size Frontage: 50 Ft
Size Irregular: 50 X 100 Ft
Size Total Text: 50 X 100 Ft

Monthly payment estimate

Home price

Down payment 20%

Interest rate (%)

Amortization

Frequency

Estimated payment — per month

Mortgage amount: —
Total interest: —

Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.

Cost of ownership

Est. monthly payment: $2,213/mo
Ontario land transfer tax: $6,473 one-time

Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.

The Cornwall market

230 Active listings

$434,400 Median asking price

15% above median This home

34 days Avg. time on market

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Location

1316 Cumberland Street, Cornwall, Ontario K6J 4K7 · Get directions