A great opportunity to add a well-maintained, income-producing property to your investment portfolio. This up-and-down duplex features two spacious 2-bedroom, 1-bathroom units, both of which have undergone renovations and offer comfortable, functional living spaces. Both units are currently tenanted at strong market rates, providing established rental income from day one. Recent improvements throughout the property add to its appeal, including heat pumps providing efficient heating and cooling for both units. The convenient location is another major advantage, situated just one block from St. Lawrence College and close to grocery stores, public transit, the St. Lawrence River, and other everyday amenities. Whether you're expanding an existing portfolio or looking for your next income property, this updated and ideally located duplex offers a solid investment opportunity. Main floor unit $1,800/month utilities included. Upper unit $1,650/month utilities included. Approx. annual operating expenses $10,626.29. Approx. NOI $30,773.71. (id:28469)
Facts & features
Property
MLS® Number
X13769996
Property Type
Multi-family
Community Name
717 - Cornwall
Features
Carpet Free
Parking Space Total
4
Structure
Porch
Building
Bathroom Total
2
Bedrooms Above Ground
4
Bedrooms Total
4
Basement Development
Unfinished
Basement Type
N/a (unfinished)
Cooling Type
Wall Unit
Exterior Finish
Stucco
Foundation Type
Concrete
Heating Fuel
Electric, Natural Gas
Heating Type
Forced Air, Heat Pump
Stories Total
2
Size Interior
1,100 - 1,500 Sqft
Type
Duplex
Utility Water
Municipal Water
Parking
No Garage
—
Land
Acreage
No
Sewer
Sanitary Sewer
Size Depth
100 Ft
Size Frontage
30 Ft
Size Irregular
30 X 100 Ft
Size Total Text
30 X 100 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
$1,549/mo
Ontario land transfer tax
$3,724 one-time
Payment assumes 20% down over 25 years. First-time buyers may get up to $3,724 back on land transfer tax.