1225 Second Street W Cornwall, Ontario K6J 1J2

$2,150,000

17 UNIT APARTMENT, CORNWALL, ONTARIO. Looking for an attractive multi-residential investment property? This property was built by one of Cornwall's premier builders/contractors, has remained in the family since its construction and is now being brought to the market for the first time. The building has been extremely well maintained where pride of ownership is evident throughout the building and the building has great mostly longer term tenancies. The building mix consists of 9 -2 bedroom suites and 8-1 bedroom suites, and all suites have a balcony, designated exterior parking and an ensuite storage area. The building also features a coin operated laundry area for tenant use and the building has experienced over the years a very low vacancy rate due to its great convenient west end location, quality of the building and the buildings continuous maintenance program. The Estate is hoping to find an investor that will continue maintaining this property in a similar fashion. Initial viewings will be arranged for 2 typical 1 and 2 bedroom suites to potential investors subject to RTA guidelines, and the Estate supply the I/E statements to qualified investor/buyers before an offer is made or accepted. Once an offer is accepted a full inspection of the building will be provided as well as any backup information with respect to the stated building expenses a buyer may require, and the Estate requires the "as is" SPIS signed available at the L.B Office &is to be submitted with all offer(s). The Estate requires 3 full business days irrevocable to review any/all offer(s) with their lawyer as a listing condition. (id:43934)

Business

Business Type	Residential
Business Sub Type	Apartments

Property Details

MLS® Number	X12299215
Property Type	Multi-family
Community Name	717 - Cornwall
Amenities Near By	Public Transit
Features	Irregular Lot Size

Building

Appliances	Dryer, Water Heater, Two Washers
Heating Type	Baseboard Heaters
Size Exterior	16500 Sqft
Size Interior	16,500 Ft2
Type	Multi-family
Utility Water	Municipal Water

Land

Acreage	No
Land Amenities	Public Transit
Size Depth	107 Ft ,9 In
Size Frontage	187 Ft ,9 In
Size Irregular	0.515
Size Total	0.515 Ac
Size Total Text	0.515 Ac
Zoning Description	Mixed Use Commercial ( Residential Uses Permitted)

https://www.realtor.ca/real-estate/28636309/1225-second-street-w-cornwall-717-cornwall