ACTIVE

3004 Pitt Street Cornwall, Ontario K6K 1A6

$850,000
8 Beds 4 Bath 2,000 - 2,500 ft<sup>2</sup> Raised BungalowWindow Air ConditionerBaseboard Heaters
Welcome to 3004 Pitt Street - A Prime North End Investment Opportunity.This solid brick fourplex is ideally located in Cornwall's desirable North End, close to schools, transit, and everyday amenities-an area consistently attractive to tenants. A fantastic opportunity for both seasoned and first-time investors looking to expand their portfolio with a stable, income-producing asset.The property features four spacious 2-bedroom units, each offering a 3-piece bathroom and the highly desirable convenience of in-unit laundry-an excellent tenant retention feature. Currently, three units are occupied by quality tenants, providing immediate cash flow, while one vacant unit offers flexibility for owner-occupancy or the opportunity to secure a new tenant at current market rent to maximize returns.With strong rental fundamentals, solid construction, and upside potential through rental optimization, 3004 Pitt Street represents a well-balanced investment in a proven rental location. 48-hour irrevocable required on all offers. Minimum 48-hour notice required for all showings. Current Gross income with 1 unit vacant is 55,020 and NOI-38,381. With the vacant unit projected rent at 1,800/mth projected Gross Income 76,620 and NOI- 59,981. (id:28469)
Property Details
MLS® Number
X12780954
Property Type
Multi-family
Neighbourhood
Eamers Corners
Community Name
717 - Cornwall
Parking Space Total
6
Building
Bathroom Total
4
Bedrooms Above Ground
8
Bedrooms Total
8
Amenities
Fireplace(s), Separate Electricity Meters
Appliances
Water Heater
Architectural Style
Raised Bungalow
Basement Features
Apartment In Basement
Basement Type
N/a
Cooling Type
Window Air Conditioner
Exterior Finish
Brick
Fireplace Present
Yes
Foundation Type
Concrete
Heating Fuel
Electric
Heating Type
Baseboard Heaters
Stories Total
1
Size Interior
2,000 - 2,500 Ft<sup>2</sup>
Type
Fourplex
Utility Water
Municipal Water
Parking
Land
Acreage
No
Sewer
Sanitary Sewer
Size Depth
104 Ft
Size Frontage
100 Ft
Size Irregular
100 X 104 Ft
Size Total Text
100 X 104 Ft
Neighbourhood
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Alan Mclaughlin-Wheeler
Salesperson

(613) 936-7044

RE/MAX Affiliates Marquis Ltd.
649 Second St E
Cornwall, Ontario K6H 1Z7

(613) 938-8100
(613) 938-3295

Garret Munro
Salesperson

(613) 551-5588

RE/MAX Affiliates Marquis Ltd.
649 Second St E
Cornwall, Ontario K6H 1Z7

(613) 938-8100
(613) 938-3295