Don't miss out on this 6 plex with an excellent gross income of $72062 and a net income of $53118. . The property features 1-3 bdrm unit, 2-2 bdrm units, 1-1 bdrm unit and 2 bachelor apartments. This building is fully rented and very clean. All tenants are paid in full. The building is for sale as the present owners are retiring. The property includes 5 fridges and 5 stoves (unit 1 is tenant owned)and a coin operated washer/dryer in the basement. There is a 2.5 car garage that could be converted to storage for extra rental income. The garage shingles were changed end of April, 2025. The property is adjacent to King George park and close to shopping, schools and bus. 48 hours notice for all showings and 48 hours irrevocable on all offers. |
Price | $785,000 |
Taxes: | $3740.00 |
Tax Type: | Unknow |
Occupancy: | Tenant |
Address: | 107 SEVENTH Stre West , Cornwall, K6J 2Y1, Stormont, Dundas |
Postal Code: | K6J 2Y1 |
Province/State: | Stormont, Dundas |
Legal Description: | PT LT 19 N/S SEVENTH ST PL CORNWALL AS I |
Lot Size: | 13.59 x 132.00 (Feet) |
Directions/Cross Streets: | Take Pitt St. South to Seventh St. Go West on Seventh. There is a sign on the property. |
Washroom Type | No. of Pieces | Level |
Washroom Type 1 | 0 | |
Washroom Type 2 | 0 | |
Washroom Type 3 | 0 | |
Washroom Type 4 | 0 | |
Washroom Type 5 | 0 |
Category: | Apartment |
Use: | Apts - 6 To 12 Units |
Building Percentage: | T |
Total Area: | 1.00 |
Total Area Code: | Square Feet |
Water Expense: | $4028 |
Net Income Before Debt: | $53118 |
Expenses Actual/Estimated: | $Act |
Sprinklers: | Unkn |
Washrooms: | 0 |
Heat Type: | Baseboard |
Central Air Conditioning: | No |
Sewers: | Sanitary |
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
RE/MAX AFFILIATES MARQUIS LTD. |
|
Book Showing | Email a Friend |
Type: | Com - Investment |
Area: | Stormont, Dundas and Glengarry |
Municipality: | Cornwall |
Neighbourhood: | 717 - Cornwall |
Lot Size: | 13.59 x 132.00(Feet) |
Tax: | $3,740 |
Fireplace: | N |