2 Baldwin Avenue

Welcome to this exceptional Multi-Family Home for sale in Cornwall , located at 2 Baldwin Avenue, Cornwall. This impressive multiplex, designed in a two-storey style, offers an outstanding investment opportunity in the heart of the vibrant community of Cornwall. With a total of six bedrooms and four bathrooms spread across its well-maintained structure, this property is perfectly suited for those looking to capitalise on the rental market.

The property boasts a substantial total of 18 rooms, including four fully equipped kitchens, making it an ideal choice for a multi-family setup. Each unit is designed to provide comfortable living spaces, with the west-facing windows updated in 2022 to enhance natural light and energy efficiency. This feature not only brightens the interiors but also contributes to a more sustainable living environment. Furthermore, the installation of brand new gas space heaters in 2022 ensures that tenants enjoy reliable and cost-effective heating throughout the colder months.

Situated within close proximity to essential amenities, including schools and St. Lawrence College, this Multi-Family Home for sale in Cornwall is ideally located for attracting a steady stream of tenants. The property is also near a variety of shopping options, making it a highly desirable rental location. Currently, the four units are rented at competitive market rates, with Unit 2 fetching $1,250.50 plus utilities, Unit 4 at $1,375 plus utilities, Unit 6 at $1,300 plus utilities, and Unit 8 at $1,225 plus utilities. This solid rental income contributes to a robust and consistent cash flow, making it an attractive prospect for investors.

One of the standout features of this property is its impressive net cash flow, which is approximately £51,986.65, offering immediate income potential and long-term growth opportunities. With no vacancies and tenants responsible for their own utilities, this Multi-Family Home for sale in Cornwall provides excellent operating efficiency. The absence of a central vacuum system, fireplace, or pool ensures that maintenance remains straightforward, allowing for a hassle-free investment experience.

The exterior of the building is constructed from wood, providing a classic aesthetic that complements the surrounding neighbourhood. The lot measures 37 by 54 acres, offering ample space for the building while maintaining a manageable size for upkeep. Although there is no garage or designated parking space, the property is situated in a community where on-street parking is readily available.

At 2 Baldwin Avenue, Cornwall, potential investors will appreciate the unfinished basement, which presents an opportunity for further development or storage, depending on individual needs. This property does not come furnished, allowing new owners the flexibility to design the interiors to their taste. Additionally, the absence of air conditioning may be a consideration for some, but the natural airflow and updated windows help maintain a comfortable living environment.

For those interested in exploring this investment opportunity, please note that a 24-hour notice is required for showings, and all offers are subject to a 48-hour irrevocable period as per form 244. This Multi-Family Home for sale in Cornwall is not just a property; it is a gateway to financial stability and growth within a thriving community. With its strategic location and solid rental history, this property is sure to attract discerning investors looking for a reliable income source.

In summary, 2 Baldwin Avenue, Cornwall, is a remarkable Multi-Family Home for sale in Cornwall that promises both immediate returns and long-term potential. With its desirable features and prime location, this property is a must-see for anyone serious about investing in the Cornwall area. Don’t miss the chance to make this lucrative investment yours!

Community 717 in Cornwall is a charming and picturesque area located within the city of Cornwall, Ontario. Nestled along the banks of the St. Lawrence River, this community boasts a blend of natural beauty and urban convenience. Residents enjoy access to lush parks, scenic waterfront trails, and a vibrant local culture, all while being just a stone's throw away from essential amenities and services. The area is characterised by a friendly atmosphere, making it an inviting place for families and individuals alike. With its rich history and a strong sense of local pride, Community 717 offers a delightful setting for those looking to settle in a welcoming and dynamic environment.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within a 1.4 km radius, you will find a variety of schools catering to different educational needs. Central Public School, an elementary institution under the Upper Canada District School Board, is just 1.0 km away and offers French language instruction for grades JK to 6, although it has a school rating of 2.7. For those seeking a Catholic education, Bishop Macdonell Catholic School is located only 0.9 km from the property, providing a French curriculum for the same grade levels with a more favorable rating of 3.5. Cornwall Collegiate and Vocational School, also within 1.3 km, serves secondary students from grades 7 to 12 and boasts a better rating of 3.6. Lastly, St. Matthew Catholic Secondary School, located 1.4 km away, offers education for grades 7 to 12 but currently has a rating of 0. Overall, the area provides a mix of public and Catholic schools, ensuring a range of options for quality education within a short distance from your new home.