214 Eighth Street W

Cornwall, Ontario K6J 2Z6

6 Bedrooms

6 Bathrooms

2,500 - 3,000 sqft Interior

6 Parking spaces

51.5 X 96.4 Ft Lot size

6 days ago Listed

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About this home

Excellent investment opportunity in the heart of Cornwall! This well-maintained six-unit residential building offers investors a stabilized, income-producing asset with strong existing rents, quality tenants, and additional upside potential. The current owners have done an excellent job stabilizing the property, providing a solid foundation for the next investor. Priced at approximately $120,000 per unit, this property presents an attractive opportunity for both seasoned investors and those looking to expand their multifamily portfolio. Conveniently located near local amenities, shopping, schools, and public transit. A great opportunity to acquire a solid multifamily investment in Cornwall's rental market. Contact today for additional information and financials. (id:28469)

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Facts & features

Property

MLS® Number: X14085868
Property Type: Multi-family
Community Name: 717 - Cornwall
Features: Carpet Free
Parking Space Total: 6

Building

Bathroom Total: 6
Bedrooms Above Ground: 6
Bedrooms Total: 6
Amenities: Separate Electricity Meters, Separate Heating Controls
Appliances: Water Heater
Basement Development: Other, See Remarks
Basement Type: N/a (other, See Remarks)
Cooling Type: None
Exterior Finish: Vinyl Siding
Foundation Type: Concrete
Heating Fuel: Electric
Heating Type: Baseboard Heaters
Stories Total: 2
Size Interior: 2,500 - 3,000 Sqft
Type: Other
Utility Water: Municipal Water

Parking

Other: —
No Garage: —

Land

Acreage: No
Sewer: Sanitary Sewer
Size Depth: 96 Ft ,4 In
Size Frontage: 51 Ft ,6 In
Size Irregular: 51.5 X 96.4 Ft
Size Total Text: 51.5 X 96.4 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: $3,210/mo
Ontario land transfer tax: $10,973 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

237 Active listings

$424,000 Median asking price

71% above median This home

34 days Avg. time on market

Browse all Cornwall listings →

Location

214 Eighth Street W, Cornwall, Ontario K6J 2Z6 · Get directions