1301-AB First Street E

Nestled in the charming locale of Cornwall, this remarkable Multi-Family Home for sale in Cornwall presents an exceptional opportunity for both investors and those seeking a spacious residence. Located at 1301 1st Street E, Cornwall, this multiplex is designed to accommodate multiple families or serve as a lucrative investment property. With its prime location and generous features, it’s an offering that should not be overlooked.

The property, situated at 1301 1st Street E, Cornwall, boasts a solid two-storey structure clad in durable aluminium siding, ensuring both aesthetic appeal and longevity. Spanning an impressive lot of 34 X 100 acres, this home is not just a place to live; it’s a canvas for your future aspirations. The building, aged between 51 and 99 years, carries a sense of history while providing modern conveniences such as central air conditioning and municipal water and sewer services.

This Multi-Family Home for sale in Cornwall features a total of seven bedrooms, providing ample space for families or tenants. The main front unit is particularly inviting, comprising three well-sized bedrooms, a large eat-in kitchen with an abundance of cabinetry, and a spacious living room perfect for family gatherings. This unit also includes 1.5 bathrooms and a recreational room in the partially finished basement, making it a comfortable and practical living space. Currently, this unit is rented at £1,500 per month plus utilities, reflecting its desirability and the potential for steady income.

In addition to the main unit, the property includes two additional units that further enhance its investment potential. The first, 1301a, is a two-bedroom owner-occupied unit, also featuring a recreational room in the basement. This unit has an estimated rental potential of £800 per month plus utilities, offering a great opportunity for additional income. The second unit, 1301b, is an upstairs two-bedroom flat that currently rents for £750 per month, inclusive of utilities. Each unit is designed to provide comfort and convenience, making this Multi-Family Home for sale in Cornwall a truly attractive investment.

Parking is never a concern with this property, as it offers a private driveway with space for up to four vehicles, along with a detached garage that can be utilised for your car or additional storage. The absence of a pool and fireplace means that maintenance is kept to a minimum, allowing you to focus on the more enjoyable aspects of property ownership. The home is unfurnished, providing you with the perfect blank slate to create your ideal living environment.

The location of 1301 1st Street E, Cornwall, places you in the heart of the vibrant Stormont, Dundas and Glengarry area. This community is known for its friendly atmosphere and accessibility to local amenities, making it an ideal place for families and individuals alike. With reliable internet connectivity and central heating via baseboard, this property is well-equipped for modern living.

It’s important to note that all viewings require a minimum of 24 hours’ notice, ensuring that you have the opportunity to explore this Multi-Family Home for sale in Cornwall at your convenience. Additionally, all offers will be subject to a 48-hour irrevocable period, allowing for careful consideration of this fantastic investment opportunity.

In conclusion, if you’re in the market for a versatile property that offers both living space and investment potential, look no further than this Multi-Family Home for sale in Cornwall. With its prime location at 1301 1st Street E, Cornwall, and a wealth of features, this property is poised to meet your needs, whether you’re looking to expand your investment portfolio or find a new family home. Don’t miss out on this exceptional opportunity!

Community 717 in Cornwall is a charming and vibrant area nestled within the city of Cornwall, Ontario. This community boasts a delightful blend of residential spaces, local shops, and green parks, making it an inviting place for families and individuals alike. With its close-knit feel, residents enjoy a strong sense of belonging while benefiting from the conveniences of urban living. The area is well-connected by public transport and is in proximity to essential amenities, schools, and recreational facilities. Whether you're looking for a peaceful retreat or an active lifestyle, Community 717 offers a unique balance of comfort and accessibility, making it an ideal place to call home.

Schools in the Neighbourhood

This property is ideally situated near several educational institutions, making it a great choice for families. Within a short distance, you will find Bridgewood Public School and St. Peter Catholic School, both offering elementary education (JK to 6) with strong ratings of 4.3 and 4.9, respectively. These schools, located just 1.4 km away, provide a nurturing environment for young learners, with a focus on French language studies. For secondary education, Cornwall Collegiate and Vocational School is only 1.8 km from the property, offering grades 7 to 12 and rated at 3.6. Additionally, St. Matthew Catholic Secondary School is located 2.1 km away, although it currently has no rating. Both secondary schools also emphasize French language instruction. The presence of both public and Catholic educational options within close proximity caters to diverse preferences and needs, ensuring that families have access to quality education. This combination of highly-rated elementary schools and accessible secondary education makes this property an attractive option for those prioritizing educational opportunities for their children.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 677 residents, with an average household size of 2.1 individuals. The community is characterized by a median age of 44.5 years and an average household income of $61,200. Notably, 20.4% of the population falls within the low-income bracket. The average property price in the area is approximately $304,000, making it relatively accessible for potential buyers. A significant portion of the population, 52.17%, is single, while 32.35% of households include children. The area also has a diverse demographic, with 10% of residents being immigrants. Renters comprise a substantial majority at 61.29%, indicating a vibrant rental market, and condos make up 12.9% of the housing stock. Education levels are promising, with 36.61% of residents holding a college or university degree. However, half of the population is not in the labor force, which may reflect various socio-economic factors. Overall, this demographic snapshot provides insight into a community that is diverse, with a mix of families, singles, and a significant rental presence, alongside educational aspirations and economic challenges.