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9 FIRST STREET E, Cornwall, Ontario, K6H 1K5

MLS® # X12934574

Investment For Sale In Downtown, Cornwall, Ontario

$898,000

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9 First Street E, Cornwall, ON - Outdoor

9 First Street E, Cornwall, ON - Outdoor

9 First Street E, Cornwall, ON - Outdoor

9 First Street E, Cornwall, ON - Outdoor

9 First Street E, Cornwall, ON - Outdoor

9 First Street E, Cornwall, ON -

9 First Street E, Cornwall, ON -

9 First Street E, Cornwall, ON - Outdoor With View

9 First Street E, Cornwall, ON - Outdoor

9 First Street E, Cornwall, ON - Outdoor

9 First Street E, Cornwall, ON - Outdoor With Body Of Water With View

9 First Street E, Cornwall, ON - Outdoor

9 First Street E, Cornwall, ON - Outdoor

9 First Street E, Cornwall, ON - Outdoor

9 First Street E, Cornwall, ON - Outdoor

9 First Street E, Cornwall, ON - Outdoor

9 First Street E, Cornwall, ON -

9 First Street E, Cornwall, ON -

9 First Street E, Cornwall, ON - Outdoor With View

9 First Street E, Cornwall, ON - Outdoor

9 First Street E, Cornwall, ON - Outdoor

9 First Street E, Cornwall, ON - Outdoor With Body Of Water With View

Advertising

9 FIRST STREET E, Cornwall, Ontario, K6H 1K5

$898,000

Property Information:

Fantastic Investment Opportunity! This well-maintained 5-plex offers a strong income profile with a great mix of occupied units and future rental upside. Unit 9 is currently rented for $1,076.25/month, plus $240 every three months. Apartment A is rented for $1,125/month plus electric, Apartment B is currently vacant, Apartment C is rented for $1,025/month plus electric, and Apartment D is rented for $825/month plus electric. Each unit is separately metered, allowing for simplified management and tenant utility responsibility. Whether you are looking to expand your investment portfolio or secure a multi-unit property with income potential, this 5-plex is an excellent opportunity. 48 hours' notice required for all showings and 48-hour irrevocable on all offers as per Form 244. (id:27)

Building Features:

Style: Multiplex
Building Type: Other
Basement Type: None
Exterior Finish: Steel
Floor Space: 3000 - 3500 sqft
Foundation Type:
Heating Type: Baseboard heaters
Heating Fuel: Electric
Cooling Type: None

Property Features:

Property Type: Multi-family
Floor Space (approx): 3000 - 3500 Square Feet
Irregular: Yes
Lot Depth: 77 Feet
Lot Frontage: 38.8 Feet
Lot Size: 38.8 x 77 FT
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 4

Courtesy of: RE/MAX AFFILIATES MARQUIS LTD.

Rating:

Notes:

Market Price Trends

Single family detached

5.45%

Price change (1 year)

71.31%

Price change (5 years)

All Properties

4.96%

Price change (1 year)

66.47%

Price change (5 years)

Location of 9 FIRST STREET E, Cornwall, Ontario, K6H 1K5

Lifestyle
Neighbourhood

Demographic Information of 9 FIRST STREET E, Cornwall, Ontario, K6H 1K5

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$78,282.55

Average Number of Children

1.62

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

22.03 %

High school certificate or equivalent

36.08 %

Apprenticeship trade certificate/diploma

7.36 %

College/non-university certificate

23.76 %

University certificate (below bachelor)

0.51 %

University Degree

10.26 %

Commuter

Travel To Work

By Car

82.39 %

By Public Transit

6.0 %

By Walking

9.67 %

By Bicycle

1.51 %

By Other Methods

0.43 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

56.88 %

Houses

43.12 %

Own Vs. Rent

9 FIRST STREET E, Cornwall, Ontario, K6H 1K5 $898,000 MLS® # X12934574