166 Montreal Road

Welcome to the vibrant community of Cornwall, where an exceptional opportunity awaits you with this Multi-Family Home for sale in Cornwall . Situated at 166 Montreal Road, Cornwall, this impressive multiplex building offers a unique blend of residential and commercial potential, making it a fantastic investment for those looking to enter the property market or expand their portfolio.

This charming two-storey building boasts a sturdy brick veneer and vinyl siding exterior, providing both durability and a welcoming appearance. The property features three residential units, all fully tenanted, along with one vacant commercial unit that is ideally located on a busy street. This presents an excellent opportunity for you to either start your own business or select a tenant who will benefit from the prime location. The versatility of this Multi-Family Home for sale in Cornwall truly sets it apart from other properties in the area.

As you step inside 166 Montreal Road, Cornwall, you will find a total of ten rooms, including three well-appointed kitchens, which are a rare find in a property of this nature. The residential units comprise a bachelor flat renting for £800 plus hydro, a one-bedroom unit at £925 plus hydro, and a two-bedroom unit available for £600 plus hydro. This variety of options caters to a diverse range of tenants, ensuring a steady rental income. The commercial space, being vacant, is a blank canvas ready for your creative vision, allowing you to tailor it to your business needs.

The property features four bathrooms, which is particularly advantageous for the number of tenants residing in the building. While there is no central vacuum system, air conditioning, or fireplace, the building is equipped with baseboard heating to keep you warm during the cooler months. The absence of a pool may be a consideration for some, but the property compensates with its spacious layout and excellent location.

For those concerned about connectivity, this Multi-Family Home for sale in Cornwall includes internet access, ensuring that both residential and commercial tenants can stay connected. The property also benefits from municipal water and sewer services, providing peace of mind regarding essential utilities. The unfinished crawl space basement offers additional storage options, although it may require some imagination to transform it into a more usable space.

The lot measures 35 by 98 feet, providing ample outdoor space for tenants to enjoy. While there is no garage or dedicated driveway, the property does offer one parking space, which is a valuable asset in a bustling area. The lack of additional land may limit expansion opportunities, but the existing structure is well-suited for its current purpose.

Located in the area of Stormont, Dundas and Glengarry, 166 Montreal Road, Cornwall, is perfectly positioned to take advantage of the local amenities and services. The surrounding community is known for its friendly atmosphere and vibrant culture, making it an attractive place for both residents and businesses alike. With the potential for steady rental income from the residential units and the opportunity to establish a commercial venture, this Multi-Family Home for sale in Cornwall is a rare find that should not be overlooked.

In summary, if you are seeking a lucrative investment opportunity in a thriving community, look no further than this Multi-Family Home for sale in Cornwall. With its prime location at 166 Montreal Road, Cornwall, and a solid structure ready to accommodate both residential and commercial tenants, this property is an ideal choice for savvy investors. Don't miss your chance to explore the possibilities that await you at this remarkable property!

Community 717, located within the city of Cornwall, offers a charming blend of suburban comfort and accessibility. Nestled in a picturesque setting, this area boasts well-maintained parks, tree-lined streets, and a variety of local amenities, making it an inviting place for families and individuals alike. Residents enjoy a strong sense of connection to the surrounding natural beauty, with nearby walking trails and recreational facilities enhancing the outdoor lifestyle. With its friendly atmosphere and convenient access to the city's services and attractions, Community 717 presents an appealing option for those looking to settle in a vibrant yet tranquil environment.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, catering to families with children of various ages. Within a short distance of approximately 0.9 km, you will find Central Public School and Bishop Macdonell Catholic School, both offering elementary education in French for grades JK to 6. Central Public School has a school rating of 2.7, while Bishop Macdonell boasts a higher rating of 3.5, indicating a strong academic environment. For secondary education, Cornwall Collegiate and Vocational School is located just 1.2 km away, providing education for grades 7 to 12, with a respectable school rating of 3.6. Additionally, St. Matthew Catholic Secondary School is slightly further at 1.4 km, although it currently has a school rating of 0. Overall, the area offers a mix of public and Catholic schools, ensuring that families have access to quality education options in both elementary and secondary levels, all within a convenient distance from the property. This makes it an ideal location for families prioritizing educational opportunities for their children.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 400 residents, with an average household size of 2. The community has a median age of 37.5 years, indicating a relatively young population. The average household income stands at $56,000, with 32.5% of residents classified as low-income. The average property price in the area is $195,000, making it an accessible market for potential buyers. A significant portion of the population, 56.72%, is single, while households with children account for 22.73%. Renters dominate the housing landscape, comprising 76.19% of the population, with no condos available. Educational attainment is notable, with 41.1% of residents holding a college or university degree. However, nearly half of the population, 49.32%, is not in the labor force, which may impact the local economy. Additionally, immigrants represent 3.45% of the population, contributing to the area's diversity. Overall, this demographic snapshot indicates a community with a mix of young singles and families, a high percentage of renters, and a significant portion of residents engaged in higher education.