$320,000
$335,000
4.5%For more information regarding the value of a property, please contact us for a free consultation.
414 Second ST W Cornwall, ON K6J 1H1
7 Beds
6 Baths
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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