705 Walton Street

Cornwall, Ontario K6H 1T8

9 Bedrooms

4 Bathrooms

2,500 - 3,000 sqft Interior

6 Parking spaces

59 X 100 Ft Lot size

1 day ago Listed

None Baseboard Heaters, Radiant Heat Finished basement

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About this home

An exceptional investment opportunity featuring four rental units with a desirable mix of layouts: Unit 705A offers 2 bedrooms and 1 bathroom, Unit 705B features 4 bedrooms and 1 bathroom, Unit 705C offers 2 bedrooms and 1 bathroom, and Unit 705D includes 1 bedroom and 1 bathroom. Generating $75,359.28 in gross annual rental income, this property offers multiple income streams and an attractive cap rate of approximately 9.30%. Additional highlights include a large yard, double detached garage, and ample parking. With strong rental income and desirable property features, this is an excellent opportunity to expand your investment portfolio. (id:28469)

Facts & features

Property

MLS® Number: X14124732
Property Type: Multi-family
Community Name: 717 - Cornwall
Parking Space Total: 6

Building

Bathroom Total: 4
Bedrooms Above Ground: 9
Bedrooms Total: 9
Appliances: Water Heater - Tankless
Basement Development: Partially Finished
Basement Type: Full (partially Finished)
Cooling Type: None
Exterior Finish: Vinyl Siding
Foundation Type: Concrete
Heating Fuel: Electric, Natural Gas
Heating Type: Baseboard Heaters, Radiant Heat
Stories Total: 2
Size Interior: 2,500 - 3,000 Sqft
Type: Fourplex
Utility Water: Municipal Water

Parking

Detached Garage: —
Garage: —

Land

Acreage: No
Sewer: Sanitary Sewer
Size Depth: 100 Ft
Size Frontage: 59 Ft
Size Irregular: 59 X 100 Ft
Size Total Text: 59 X 100 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: $3,091/mo
Ontario land transfer tax: $10,435 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

239 Active listings

$423,500 Median asking price

65% above median This home

35 days Avg. time on market

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Location

705 Walton Street, Cornwall, Ontario K6H 1T8 · Get directions