120-122 Sydney Street Cornwall, Ontario K6H 3H2

$1,150,000

BEAUTIFULLY RENOVATED UNIQUE HISTORIC BRICK BUILDING IN DOWNTOWN LOCATION! Check out this very unique historic building which has been converted to an easy to maintain 5 Plex residential apartment building (5,272 sq.ft. as per MPAC). All renovations were completed with proper building permits, inspections and finals approvals done on all permits. This fully renovated/fully occupied property has an approximate /estimated annual net cash flow of over $72,900 and the listed price is based on an attractive capitalization rate return based on the I/E provided by the seller. Each apartment is finished with hardwood flooring & beautifully updated contemporary kitchens with granite counters & stainless steel dishwasher + bathrooms. The units are all very spacious with two bedrooms, a 4pc bath, an in-suite laundry & features such as central self-controlled AC, individual decks, private/paved on-site parking and stainless steel appliances of which are included with all leases. Each unit has its own services with separate meters + the tenants pay their own utilities. Seller requires SPIS signed & submitted with all offer(s) and 2 full business days irrevocable to review any/all offer(s). (id:43934)

Business

Business Type	Residential
Business Sub Type	Apartments

Property Details

MLS® Number	X12044678
Property Type	Multi-family
Community Name	717 - Cornwall
Amenities Near By	Public Transit
Parking Space Total	6

Building

Age	100+ Years
Appliances	Dishwasher, Dryer, Stove, Washer, Refrigerator
Cooling Type	Fully Air Conditioned
Heating Fuel	Natural Gas
Heating Type	Forced Air
Size Interior	5,272 Ft2
Type	Multi-family
Utility Water	Municipal Water

Land

Acreage	No
Land Amenities	Public Transit
Size Depth	108 Ft ,11 In
Size Frontage	67 Ft ,10 In
Size Irregular	0.017
Size Total	0.017 Ac
Size Total Text	0.017 Ac
Zoning Description	Central Business District

https://www.realtor.ca/real-estate/28081058/120-122-sydney-street-cornwall-717-cornwall