This fully furnished, income-generating duplex is now on the market; a true cash-flow machine that shows real pride of ownership. Located just steps from St. Lawrence College, restaurants, and shopping, it's perfectly positioned for steady rental demand. Inside, you'll find recently renovated kitchens and bathrooms, along with updated tile and laminate flooring throughout. Each level features front covered balconies and large enclosed back porches, plus a fully fenced yard. The garage and oversized driveway easily fit up to 7 vehicles. The main floor is heated by a forced-air gas furnace (2014), while the upper level runs on electric baseboards and a supplemental electric heater. Two owned gas hot water tanks service the building. Currently rented by the room, this property currently generates $4,800/month ($57,600 annually, all inclusive of utilities and internet). A turnkey investment opportunity with strong income from day one. (id:28469)
Facts & features
Property
MLS® Number
X13209688
Property Type
Multi-family
Community Name
717 - Cornwall
Parking Space Total
7
Building
Bathroom Total
2
Bedrooms Above Ground
7
Bedrooms Below Ground
1
Bedrooms Total
8
Appliances
Dryer, Hood Fan, Microwave, Stove, Washer
Basement Development
Partially Finished
Basement Type
Full (partially Finished)
Cooling Type
Central Air Conditioning
Exterior Finish
Aluminum Siding
Foundation Type
Poured Concrete
Heating Fuel
Natural Gas
Heating Type
Forced Air
Stories Total
2
Size Interior
1,500 - 2,000 Sqft
Type
Duplex
Utility Water
Municipal Water
Parking
Detached Garage
—
Garage
—
Land
Acreage
No
Sewer
Sanitary Sewer
Size Depth
120 Ft
Size Frontage
50 Ft
Size Irregular
50 X 120 Ft
Size Total Text
50 X 120 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
$1,815/mo
Ontario land transfer tax
$4,673 one-time
Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.