Duplex with great cash flow! Generating a gross revenue of $32700.00. Main floor has 3 bedrooms and tenant is paying $1550 plus utilities (including garage space) This unit has a gas furnace. Upstairs is 2 bedrooms and is heated with electric baseboards. The tenant is paying $1175 plus utilities. The seller has maintained the building very well over the years. The duplex is close to all amenities and the St. Lawrence College. Property Tax is $2226, Insurance is $2006, Water is $1648, Hot water tank rental is $544.62 (id:28469)
Facts & features
Property
MLS® Number
X13666638
Property Type
Multi-family
Community Name
717 - Cornwall
Equipment Type
Water Heater
Parking Space Total
5
Rental Equipment Type
Water Heater
Building
Bathroom Total
2
Bedrooms Above Ground
5
Bedrooms Total
5
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
Forced Air
Stories Total
2
Size Interior
1,100 - 1,500 Sqft
Type
Duplex
Utility Water
Municipal Water
Parking
Detached Garage
—
Garage
—
Land
Acreage
No
Size Depth
135 Ft ,8 In
Size Frontage
50 Ft
Size Irregular
50 X 135.7 Ft
Size Total Text
50 X 135.7 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
$1,439/mo
Ontario land transfer tax
$3,349 one-time
Payment assumes 20% down over 25 years. First-time buyers may get up to $3,349 back on land transfer tax.