310 Louisa Street

Cornwall, Ontario K6H 4R1

6 Bedrooms

2 Bathrooms

1,500 - 2,000 sqft Interior

2 Parking spaces

25 X 90 Ft Lot size

1 day ago Listed

None Forced Air

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About this home

RENOVATED DUPLEX WITH A POTENTIAL 13.4% CAP RATE! An excellent opportunity for investors or buyers looking to offset their living expenses! This duplex features a beautifully renovated 3-bedroom main-floor unit, currently vacant and move-in ready, with an estimated market rent of $1,900/month. The upper unit is currently rented at $1,800/month, providing immediate rental income. Two parking spaces add convenience. With potential annual gross rental income of $44,400 and a projected 13.4% cap rate based on full occupancy at estimated market rents, this property offers excellent investment potential! Live in one unit while generating income from the other, or add this income-producing property to your portfolio! (id:28469)

Facts & features

Property

MLS® Number: X14144970
Property Type: Multi-family
Community Name: 717 - Cornwall
Parking Space Total: 2

Building

Bathroom Total: 2
Bedrooms Above Ground: 6
Bedrooms Total: 6
Basement Development: Unfinished
Basement Type: N/a (unfinished)
Cooling Type: None
Exterior Finish: Vinyl Siding
Foundation Type: 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

No Garage: —

Land

Acreage: No
Sewer: Sanitary Sewer
Size Depth: 90 Ft
Size Frontage: 25 Ft
Size Irregular: 25 X 90 Ft
Size Total Text: 25 X 90 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: $1,187/mo
Ontario land transfer tax: $2,495 one-time

Payment assumes 20% down over 25 years. First-time buyers may get up to $2,495 back on land transfer tax.

The Cornwall market

237 Active listings

$424,900 Median asking price

37% below median This home

35 days Avg. time on market

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Location

310 Louisa Street, Cornwall, Ontario K6H 4R1 · Get directions