The subject property is a 6 unit mixed commercial and residential rental building located at 228 Second St. West, Cornwall, Ontatio. In all there are 2 commercial units and two 2 bedroom units and Two 1 bedrom units. Net Income to the Landlord of 2025 is approximately $50,331.00 based on current tenancies. There is a 400 amp electrical service, tenant pay separately metered electricty. Heating is supplied by gas fired hot water system. There is a coin operated laundry facility. The building is a three story well maintained century building with lots of parking in a centrally located part of the City. Zoning is SPU 20 which allows a mix of commercial and residential uses. (id:28469)
Facts & features
Property
MLS® Number
X13478592
Property Type
Multi-family
Community Name
717 - Cornwall
Features
Flat Site
Parking Space Total
10
Building
Age
100+ Years
Appliances
Water Meter
Basement Type
Partial
Cooling Type
None
Exterior Finish
Brick, Vinyl Siding
Foundation Type
Stone
Heating Fuel
Electric, Natural Gas
Heating Type
Baseboard Heaters
Stories Total
3
Size Interior
3,500 - 5,000 Sqft
Type
Other
Utility Water
Municipal Water
Parking
No Garage
—
Land
Acreage
No
Sewer
Sanitary Sewer
Size Depth
111 Ft ,4 In
Size Frontage
106 Ft ,10 In
Size Irregular
106.9 X 111.4 Ft
Size Total Text
106.9 X 111.4 Ft
Zoning Description
Spu20
Utilities
Cable
Available
Electricity
Installed
Sewer
Installed
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.