401-403 Water Street E Cornwall, Ontario K6H 1A6

$530,000

Are you looking for a wonderful property for your investment portfolio? Look no further. This 5-plex is centrally located near the St. Lawrence and all its amenities, including the mall, bus routes, and local shops. While originally built in 1986, the property has been well-maintained with a brick exterior makeover, new roof shingles in 2020, and new sidewalks on the corner and west side. The building features two larger units on the ground floor with spacious living rooms and kitchens, plus three units on the upper level, one of which has been recently renovated. Each unit has a separate hydro meter. New tenants can be signed as rent + hydro (one upper unit is already paying their own hydro). Hot water is provided by a cost-saving, gas, on-demand system. Each unit includes its own laundry hookups, with the exception of one upper unit. There 4 parking spots at the back of the building. Schedule your showing to check out this cared-for 5 plex. "Other" expense is natural Gas $785.64/year for on demand HW. 48 hour notice required for showings. (id:43934)

Property Details

MLS® Number	X13765952
Property Type	Multi-family
Community Name	717 - Cornwall

Building

Cooling Type	None
Heating Type	Baseboard Heaters
Size Interior	4,195 Sqft
Type	Multi-family
Utility Water	Municipal Water

Land

Acreage	No
Size Depth	60 Ft
Size Frontage	44 Ft ,8 In
Size Irregular	44.72 X 60 Ft
Size Total Text	44.72 X 60 Ft
Zoning Description	Res30

https://www.realtor.ca/real-estate/30258572/401-403-water-street-e-cornwall-717-cornwall