306 Marlborough Street N

Cornwall, Ontario K6H 4A3

7 Bedrooms

3 Bathrooms

2,000 - 2,500 sqft Interior

51 X 66 Ft Lot size

43 days ago Listed

None Forced Air

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About this home

Located in the desirable Marlborough neighbourhood, directly across from the Joe St. Denis Football Field, this 7-bedroom triplex presents a compelling opportunity for investors seeking strong income potential. The property is currently generating approximately $3,647.80 per month in rental income (approximately $43,773.60 annually) from three occupied units. Based on current operating figures, the property offers an approximate Net Operating Income of $34,354.60 and an estimated cap rate of approximately 7.9%, making it an attractive addition to an investment portfolio. Positioned in an established residential area with convenient access to schools, parks, and amenities, this income-producing property combines location, rental demand, and solid returns. 24 Hour notice required for all showings. 48 Hour irrevocable on all offers as per Form 244. (id:28469)

Facts & features

Property

MLS® Number: X13169918
Property Type: Multi-family
Community Name: 717 - Cornwall
Features: Carpet Free

Building

Bathroom Total: 3
Bedrooms Above Ground: 7
Bedrooms Total: 7
Basement Development: Unfinished
Basement Type: Full (unfinished)
Cooling Type: None
Exterior Finish: Vinyl Siding
Foundation Type: Concrete
Heating Fuel: Natural Gas
Heating Type: Forced Air
Stories Total: 2
Size Interior: 2,000 - 2,500 Sqft
Type: Triplex
Utility Water: Municipal Water

Parking

No Garage: —

Land

Acreage: No
Sewer: Sanitary Sewer
Size Depth: 66 Ft
Size Frontage: 51 Ft
Size Irregular: 51 X 66 Ft
Size Total Text: 51 X 66 Ft

Monthly payment estimate

Home price

Down payment 20%

Interest rate (%)

Amortization

Frequency

Estimated payment — per month

Mortgage amount: —
Total interest: —

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: $1,859/mo
Ontario land transfer tax: $4,873 one-time

Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.

The Cornwall market

236 Active listings

$444,950 Median asking price

6% below median This home

35 days Avg. time on market

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Location

306 Marlborough Street N, Cornwall, Ontario K6H 4A3 · Get directions