Cornwall, ON K6J 1H1,414 Second ST W
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Cornwall, ON K6J 1H1,414 Second ST W
Cornwall, ON K6J 1H1,414 Second ST W
Cornwall, ON K6J 1H1,414 Second ST W
Cornwall, ON K6J 1H1,414 Second ST W

$320,000

Est. payment /mo

$335,000

4.5%
Est.Price: ?

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414 Second ST W Cornwall, ON K6J 1H1

7 Beds

6 Baths

SOLD DATE : 12/03/2024

Key Details

Sold Price $320,000

Property Type Multi-Family

Sub Type Fourplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID X11441383

Sold Date 12/03/24

Style 2-Storey

Bedrooms 7

Annual Tax Amount $2,635

Tax Year 2024

Property Description

This 4-plex offers strong income potential with room for improvement, making it an ideal project for investors. The property features a large 3-bedroom, 3-bathroom unit ($987.50/month), a 2-bedroom, 1-bathroom unit ($680/month), and two 1-bedroom, 1-bathroom units ($602 and $542/month). Each unit has its own hydro meter and hot water tank, with tenants responsible for paying heat and hydro. A brand-new natural gas furnace was installed in 2024, adding value to the property. While the building requires some maintenance, it has excellent potential for increased rental income and long-term appreciation. Parking is conveniently available at the back of the property. This is a great opportunity for hands-on investors to add value and maximize returns.

Location

Province ON

County Stormont, Dundas And Glengarry

Community 717 - Cornwall

Area Stormont, Dundas And Glengarry

Zoning comm11

Region 717 - Cornwall

City Region 717 - Cornwall

Rooms

Family Room Yes

Basement Unfinished

Kitchen 4

Interior

Interior Features Water Heater, Separate Hydro Meter

Cooling None

Exterior

Parking Features Available

Garage Spaces 4.0

Pool None

Roof Type Shingles

Total Parking Spaces 4

Building

Foundation Poured Concrete, Stone

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Listed by RE/MAX AFFILIATES MARQUIS LTD.

Sherif Nathoo

+1(416) 274-1513

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