Property Information:

Welcome to 122-124 New Street! This two storey duplex features two spacious 3-bedroom units, with the desirable main-floor unit currently vacant and ready for occupancy. Conveniently located close to parks, schools, shopping, amenities, and public transit, this property offers an excellent opportunity for both investors and owner-occupants.Enjoy a large backyard and double-wide driveway, providing ample outdoor space and parking. For buyers looking to offset living expenses, the vacant main-floor unit offers the perfect opportunity to move in while generating rental income from the second unit. For investors, this allows you to find your ideal tenant at market value. With the main-floor unit vacant, the property generates an annual income of approximately $8,508. Estimated annual operating expenses are as follows:Insurance: $1,509. Water/Sewer: $1,769Property Taxes: $1,556. Recent updates include: Shingles replaced approximately 3 years ago, both furnaces installed approximately 2014, Owned hot water tanks installed approximately 2019 and 2021 and upgraded insulation. A minimum of 24 hours' notice is required for all showings. As per form 244, 24 hour irrevocable on all offers. (id:27)

Building Features:

Style: Multiplex
Building Type: Duplex
Air Conditioning: Yes
Basement Development: Unfinished
Basement Type: Full
Exterior Finish: Aluminum siding
Floor Space: 1500 - 2000 sqft Square Feet
Foundation Type: Poured Concrete
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Window air conditioner
Appliances:

Property Features:

Property Type: Multi-family
Bedrooms: 6
Bathrooms: 2
Floor Space (approx): 1500 - 2000 Square Feet
Irregular: Yes
Lot Depth: 140 Feet
Lot Frontage: 60 Feet
Lot Size: 60 x 140 FT
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 6

Courtesy of: RE/MAX AFFILIATES MARQUIS LTD.

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Demographic Information of 122 NEW STREET, Cornwall, Ontario, K6H 3G2

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$74,184.87

Average Number of Children

1.77

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

19.03 %

High school certificate or equivalent

38.94 %

Apprenticeship trade certificate/diploma

7.55 %

College/non-university certificate

25.68 %

University certificate (below bachelor)

0.31 %

University Degree

8.49 %

Commuter

Travel To Work

By Car

88.16 %

By Public Transit

0.37 %

By Walking

5.83 %

By Bicycle

0.0 %

By Other Methods

5.64 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

6.24 %

Houses

93.76 %

122 NEW STREET, Cornwall, Ontario, K6H 3G2