For Sale Multi-Family

341 New Street E

$599,900 Est. $2,656/mo ↓

Edwardsburgh/cardinal, Ontario K0E 1E0

6 Bedrooms
4 Bathrooms
3,000 - 3,500 sqft Interior
6 Parking spaces
105 X 113 Ft Lot size
1 day ago Listed
Bungalow None Baseboard Heaters

About this home

Fully tenanted four-unit property offering strong income potential within walking distance of the post office, local shops and the waterfront Cardinal Legion. Units 1 and 2 each feature two bedrooms and one bathroom, while Units 3 and 4 each offer one bedroom and one bathroom. Each unit has separately metered hydro, in-unit laundry and its own fenced backyard, providing tenants with added convenience and privacy. An on-site shed provides dedicated storage space for each unit, and there is ample parking for residents. With a practical layout, strong rental demand and a cap rate of over 9%, this property is an excellent opportunity for investors looking to expand their portfolio. 24-hour irrevocable period is required on all offers. Minimum of 24 hours' notice is required for all showings. (id:28469)

Facts & features

Property

MLS® Number
X13770134
Property Type
Multi-family
Community Name
806 - Town of Cardinal
Features
Irregular Lot Size
Parking Space Total
6

Building

Bathroom Total
4
Bedrooms Above Ground
6
Bedrooms Total
6
Amenities
Separate Electricity Meters
Appliances
Stove, Refrigerator
Architectural Style
Bungalow
Basement Type
None
Cooling Type
None
Exterior Finish
Vinyl Siding
Foundation Type
Slab
Heating Fuel
Electric
Heating Type
Baseboard Heaters
Stories Total
1
Size Interior
3,000 - 3,500 Sqft
Type
Fourplex
Utility Water
Municipal Water

Parking

No Garage

Land

Acreage
No
Size Depth
113 Ft
Size Frontage
105 Ft
Size Irregular
105 X 113 Ft
Size Total Text
105 X 113 Ft

Monthly payment estimate

$
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
$2,656/mo
Ontario land transfer tax
$8,473 one-time

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

The Town of Cardinal market

12 Active listings
$387,400 Median asking price
55% above median This home
16 days Avg. time on market
Browse all Town of Cardinal listings →

Location

341 New Street E, Edwardsburgh/cardinal, Ontario K0E 1E0  ·  Get directions

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