2 Baldwin Avenue Cornwall, Ontario K6H 4H6

$599,900

Welcome to this positive cash-flowing fourplex ideally located within close proximity to schools, St. Lawrence College, and a variety of shopping options, making it a highly desirable rental location.This well-maintained property boasts west-facing windows that were all updated in 2022, allowing for plenty of natural light and improved energy efficiency. Each unit is equipped with brand new gas space heaters, installed in 2022, providing reliable and cost-effective heating for tenants.The four units are currently rented at competitive market rates, with rents as follows: Unit 2 at $1250.50 plus utilities, Unit 4 at $1,375 plus utilities, Unit 6 at $1,300 plus utilities, and Unit 8 at $1,225 plus utilities. These solid rental incomes contribute to a strong and consistent cash flow.With no vacancy and tenants responsible for utilities, this property offers excellent operating efficiency. The net cash flow for this investment is approximately $51,986.65, making it a highly attractive opportunity for investors seeking immediate income and long-term growth potential. 24 Hour Notice required for showings. 48 Hour irrevocable on all offers as per form 244. (id:43934)

Property Details

MLS® Number	X12437833
Property Type	Multi-family
Community Name	717 - Cornwall

Building

Bathroom Total	4
Bedrooms Above Ground	6
Bedrooms Total	6
Amenities	Separate Electricity Meters
Appliances	Water Heater
Basement Development	Unfinished
Basement Type	N/a (unfinished)
Exterior Finish	Wood
Foundation Type	Poured Concrete
Heating Fuel	Natural Gas
Heating Type	Other
Stories Total	2
Size Interior	2,500 - 3,000 Ft2
Type	Fourplex
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Sewer	Sanitary Sewer
Size Irregular	37 X 54 Acre
Size Total Text	37 X 54 Acre

https://www.realtor.ca/real-estate/28936115/2-baldwin-avenue-cornwall-717-cornwall