An exciting opportunity for investors or buyers looking to offset their mortgage expenses! Centrally located in a desirable area, this triplex features a spacious two-storey main unit complemented by two one-bedroom rental units with long-term tenants.The main unit offers three generous bedrooms upstairs, with a kitchen, dining room and living room on the main floor. Its spacious layout makes it an appealing option for buyers considering living in one unit while collecting rental income from the other two. .Numerous improvements add to this property's appeal. Roof materials have been redone within the past 10 years, including the flat membrane roof and the re-shingled sections. The large front verandah was completely rebuilt in 2024. Additional updates include tenant entrance steps, rebuilt wooden steps from the driveway, soffits, completed parging and a widened driveway with an additional parking space and refreshed gravel. Attic insulation was increased by 18 inches, and the chimney was removed and capped.The main unit also features an updated tub surround and toilet. All three hot water tanks are owned, with the main unit's tank replaced approximately three years ago and the other two approximately nine years ago. All units pay their own utilities. Upstairs rent 492.10/mth downstair unit $590.93/mth. Space, rental income and valuable improvements-explore the possibilities this centrally located triplex has to offer! Call today and book your private viewing (id:28469)
Facts & features
Property
MLS® Number
X14156444
Property Type
Multi-family
Community Name
717 - Cornwall
Parking Space Total
5
Building
Bathroom Total
3
Bedrooms Above Ground
5
Bedrooms Total
5
Basement Development
Unfinished
Basement Type
N/a (unfinished)
Cooling Type
None
Exterior Finish
Aluminum Siding
Foundation Type
Stone
Heating Fuel
Electric
Heating Type
Baseboard Heaters
Stories Total
2
Size Interior
2,500 - 3,000 Sqft
Type
Triplex
Utility Water
Municipal Water
Parking
No Garage
—
Land
Acreage
No
Sewer
Sanitary Sewer
Size Depth
132 Ft
Size Frontage
60 Ft
Size Irregular
60 X 132 Ft
Size Total Text
60 X 132 Ft
Monthly payment estimate
$
Estimated payment—per month
Mortgage amount
—
Total interest
—
Down payments under 20% typically require mortgage default insurance (CMHC), which is not included in this estimate.
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
$1,767/mo
Ontario land transfer tax
$4,460 one-time
Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.