616 Montreal Road

Cornwall, Ontario K6H 1C2

1 Bedrooms

2 Bathrooms

700 - 1,100 sqft Interior

8 Parking spaces

54 X 69 Ft Lot size

33 days ago Listed

None Baseboard Heaters

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About this home

Excellent investment opportunity with this well-located duplex offering strong income potential and low operating complexity. The main floor features a bright, open-concept bachelor unit, designed for efficient living and easy maintenance. The upper unit consists of a comfortable 1-bedroom apartment, providing a functional layout that appeals to long-term tenants. Both units are heated with electric baseboard systems and are separately metered, allowing tenants to pay their own utilities, keeping operating costs predictable for the owner. The rear of the property contains a large parking area with 8 spaces. Located on Montreal Road with easy access to amenities, transit, and shopping, this property is an ideal addition to any investment portfolio or a great entry point for new investors. (id:28469)

Facts & features

Property

MLS® Number: X13017800
Property Type: Multi-family
Community Name: 717 - Cornwall
Parking Space Total: 8

Building

Bathroom Total: 2
Bedrooms Above Ground: 1
Bedrooms Total: 1
Basement Development: Unfinished
Basement Type: N/a (unfinished)
Cooling Type: None
Exterior Finish: Vinyl Siding
Foundation Type: Stone
Heating Fuel: Electric
Heating Type: Baseboard Heaters
Stories Total: 2
Size Interior: 700 - 1,100 Sqft
Type: Duplex
Utility Water: Municipal Water

Parking

No Garage: —

Land

Acreage: No
Sewer: Sanitary Sewer
Size Depth: 69 Ft
Size Frontage: 54 Ft
Size Irregular: 54 X 69 Ft
Size Total Text: 54 X 69 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: $1,328/mo
Ontario land transfer tax: $2,975 one-time

Payment assumes 20% down over 25 years. First-time buyers may get up to $2,975 back on land transfer tax.

The Cornwall market

230 Active listings

$434,400 Median asking price

31% below median This home

34 days Avg. time on market

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Location

616 Montreal Road, Cornwall, Ontario K6H 1C2 · Get directions