4 Bedroom
2 Bathroom
1,100 - 1,500 ft2
None
Forced Air, Other, Not Known
$289,900
Excellent opportunity to enter the investment market with this well-maintained duplex located in a central downtown location. The property offers two self-contained units, each featuring 2 bedrooms and 1 bathroom, providing strong and consistent rental appeal. The main floor unit is heated by a newer forced-air gas furnace, while the second-floor unit is heated by an owned gas wall heater. Both tenants pay their own utilities, helping keep operating expenses low and predictable for an investor. Recent improvements include a newer rear staircase and deck serving the upper unit, and a detached garage adds additional storage or potential income opportunity. The location is a notable advantage, with commercial properties situated behind and beside the building, offering increased privacy during evenings and weekends-a rare benefit for a downtown property. Income Summary: Gross Annual Rental Income: $22,500 Net Operating Income: $14,100 per year. This property provides steady income today with future upside through rent growth, making it an ideal starter investment or a solid addition to an existing portfolio. (id:43934)
Property Details
|
MLS® Number
|
X12689586 |
|
Property Type
|
Multi-family |
|
Community Name
|
717 - Cornwall |
|
Parking Space Total
|
2 |
Building
|
Bathroom Total
|
2 |
|
Bedrooms Above Ground
|
4 |
|
Bedrooms Total
|
4 |
|
Basement Development
|
Unfinished |
|
Basement Type
|
N/a (unfinished) |
|
Cooling Type
|
None |
|
Exterior Finish
|
Aluminum Siding |
|
Foundation Type
|
Concrete |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Forced Air, Other, Not Known |
|
Stories Total
|
2 |
|
Size Interior
|
1,100 - 1,500 Ft2 |
|
Type
|
Duplex |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
No |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
90 Ft |
|
Size Frontage
|
40 Ft |
|
Size Irregular
|
40 X 90 Ft |
|
Size Total Text
|
40 X 90 Ft |
https://www.realtor.ca/real-estate/29243560/121-baldwin-avenue-cornwall-717-cornwall