320 Gleeson Avenue N Cornwall, Ontario K6J 1E3

$1,300,000

AN EXCEPTIONAL INVESTMENT OPPORTUNITY IN THE GROWING CORNWALL RENTAL MARKET!!! NINE UNIT APARTMENT BUILDING, UPDATED AND SPACIOUS UNITS (APPROXIMATELY 1000 SQUARE FEET) IN A NICE AREA OF THE CITY. GOOD PARKING AND EXTRA INCOME FROM COIN OPERATED LAUNDRY ROOM. THE BUILDING SHOWS VERY WELL WITH LOTS OF PARKING IN FRONT OF THE BUILDING. MINIMUM 24 HOUR NOTICE FOR SHOWINGS.GROSS AND NET INCOME IS BASED ON FULLY OCCUPANCY Total of 8-two bedroom units plus 1-one bedroom unit. Upgrades done last 2 years:- Full New Roof- Renovated Unit 2,4,6,8- Unit 6 Extensive Renovation- Unit 1 Bathroom Overhaul and Renovation- Painting and flooring updated in some units too- Newly Painted common areas in full building- Upgraded all electric panels from fuses to break panels - Entire Exterior Sewer Lateral Replacement)Potential to generate higher NOI with some units way below market rent levels! One of the Seller is Registered Real Estate Salesperson. (id:43934)

Property Details

MLS® Number	X12340649
Property Type	Multi-family
Community Name	717 - Cornwall
Equipment Type	Furnace
Features	Irregular Lot Size
Rental Equipment Type	Furnace

Building

Heating Type	Other
Type	Multi-family
Utility Water	Municipal Water

Land

Acreage	No
Size Depth	103 Ft ,2 In
Size Frontage	114 Ft ,7 In
Size Irregular	0.186
Size Total	0.186 Ac
Size Total Text	0.186 Ac
Zoning Description	Res 40

https://www.realtor.ca/real-estate/28724765/320-gleeson-avenue-n-cornwall-717-cornwall