314 Guy Street

Introducing a remarkable opportunity in the heart of Cornwall, this Multi-Family Home for sale in Cornwall is a fully tenanted duplex that promises a lucrative investment. Located at 314 Guy Street, Cornwall, this property is strategically situated at the intersection of Walton Street and Guy Street, making it an attractive prospect for any discerning investor. The area, known as Stormont, Dundas and Glengarry, boasts a vibrant community, enhancing the appeal of this property.

This Multi-Family Home for sale in Cornwall features a robust building type classified as a multiplex, designed in a practical two-storey style. The exterior is clad in durable vinyl siding, ensuring low maintenance while providing an appealing aesthetic. Spanning a generous lot of 25 X 120 feet, this property offers ample space for tenants, making it a highly sought-after rental option in the community of 717 - Cornwall.

Inside, the property boasts a total of ten rooms, including four spacious bedrooms and two well-appointed bathrooms. Each unit is equipped with modern kitchens, allowing for a comfortable living experience. Notably, there is no additional kitchen, which streamlines the layout and enhances the functionality of the space. While the home does not feature a den or a family room, the generous room count ensures that tenants have sufficient living space.

In terms of amenities, this Multi-Family Home for sale in Cornwall does not include air conditioning, a pool, or a fireplace; however, it does provide essential internet connectivity, which is increasingly important for modern living. The property is unfurnished, allowing potential tenants to personalise their living spaces according to their preferences. The heating system is a forced air type, ensuring warmth during the colder months.

The property has undergone significant upgrades over the past four years, making it a reliable investment. Major improvements include a new roof, updated siding, enhanced insulation, and the installation of new windows and doors. The front deck and rear stairs have also been replaced, providing both functionality and aesthetic appeal. With these big-ticket items already addressed, the property requires minimal maintenance, making it an ideal buy-and-hold investment for those looking to expand their portfolio.

At 314 Guy Street, Cornwall, the property benefits from municipal water and sewer services, further enhancing its desirability. The basement is currently unfinished, offering potential for further development or storage space. While there is no central vacuum system or garage, the property includes parking space for three vehicles, a significant advantage in urban settings.

In summary, this Multi-Family Home for sale in Cornwall represents an excellent investment opportunity. With its strong market rents, extensive updates, and strategic location, it offers peace of mind to investors seeking low-maintenance properties with steady income. The combination of modern amenities and thoughtful upgrades ensures that this property is not only a sound financial decision but also a desirable living environment for tenants.

Investors looking to make a strategic move in the Cornwall area need look no further than 314 Guy Street, Cornwall. This Multi-Family Home for sale in Cornwall is poised to be a prime addition to any investment portfolio, offering both immediate returns and long-term value. Don't miss out on the chance to secure this exceptional property in a thriving community.

Community 717, located within the city of Cornwall, offers a charming blend of urban convenience and natural beauty. Nestled along the scenic banks of the St. Lawrence River, this area boasts a rich history and a welcoming atmosphere. Residents enjoy easy access to local amenities, including shops, parks, and recreational facilities, while also benefiting from the picturesque landscapes that surround them. With a strong sense of local pride and a variety of community events throughout the year, Community 717 is an inviting place for those seeking a vibrant yet tranquil lifestyle.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within a 2 km radius, you'll find a mix of elementary and secondary schools offering both public and Catholic education. Central Public School, just 1.4 km away, is an elementary school under the Upper Canada District School Board, providing French language instruction for grades JK to 6, though it has a school rating of 2.7. For a Catholic elementary option, Bishop Macdonell Catholic School is only 1.2 km away and boasts a higher rating of 3.5, also offering French language education for the same grade range. Secondary education is available at Cornwall Collegiate and Vocational School, located 1.6 km from the property, which has a better rating of 3.6, and St. Matthew Catholic Secondary School, 1.8 km away, although it currently has a rating of 0. Overall, the area provides a range of schooling options, ensuring that families can find suitable educational facilities within a short distance.

Key Statistics of the Neighbourhood

The area surrounding the property has a small population of 395 residents, with an average household size of 2.1 individuals. The demographic profile reveals a relatively young community, with an average age of 35.4 years. The average household income stands at $40,400, indicating that a significant portion of the population, approximately 43.2%, is classified as low-income. Housing in the area is affordable, with an average price of $240,000, making it accessible for many. A notable 67.19% of the residents are single, while 31.58% of households include children, suggesting a mix of family structures. The rental market is prominent, with 69.44% of residents renting their homes, and there are no condos available in the area. Educational attainment is moderate, with 22.81% of the population holding a college or university degree. Additionally, a significant portion of the population, 71.93%, is not actively participating in the labor force, and the immigrant population is relatively low at 2.86%. Overall, the area presents a unique blend of demographics, with a focus on affordability and a predominantly rental market.