Listing Detail   

1214795

Price:
$699,000  For Sale
MLS® No:
1214795
Address:
134 MONTREAL ROAD, Cornwall, Ontario, Canada, K6H1B3
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Features

Exterior Finish:
Brick, Siding
#Parkings:
6
Heat Source:
Electric
Heat Type:
Baseboard heaters
Fire Place:
N

This residential conversion is a unique opportunity for the real estate investor. 4 of the 6 units will be brand-new, fully permitted to-code, with modern white cabinetry, ambulatory bathrooms and durable vinyl plank flooring. The 2 existing 2nd story apartments are older but upscale and currently rent for $900/mth + utility each. One of them has a balcony and both will have newly installed windows. These two share a laundry room with coin operated machines, for additional income. The new units, 2 on the main floor and 2 in the basement, are projected to rent for $1, 000/mth plus utility each. The new dwelling units will have in-suite laundry hook-ups. The entire flat roof-line has been professionally replaced with EPDM (2020). With a monthly rental income of $5, 800, this investment will pay for itself and cash-flow monthly. Better yet it is practically fully renovated, so there won't be the maintenance or rehab costs required in most of the multi-unit inventory found locally. (id:5856)
Listing Contracted With: RE/MAX MARQUIS (Independently Owned & Operated)
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind.
Want More Information? Contact Me Now!
 
 
 
 
 
Katie BellsmithSales RepresentativeDirect: (613)362-2162Bus: 613-938-8100
Matthew BellsmithSales RepresentativeDirect: (613)930-7666Bus: 613-938-8100
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