322 Cumberland Street

Introducing a remarkable investment opportunity in the heart of Cornwall, specifically a Multi-Family Home for sale in Cornwall , located at 322 Cumberland Street, Cornwall. This well-maintained multiplex is designed to cater to the needs of tenants while providing an excellent return on investment. With a solid cap rate of 6.2%, this property is fully rented, making it a turn-key investment for discerning buyers.

The building itself is a two-storey structure clad in durable vinyl siding, offering both aesthetic appeal and practicality. The property features a total of 19 rooms, which includes an impressive four kitchens, ensuring that each unit is equipped for the convenience of its residents. This Multi-Family Home for sale in Cornwall boasts a total of seven bedrooms, providing ample space for tenants. Each unit is thoughtfully designed to maximise comfort and functionality, with in-suite laundry facilities available for tenant convenience.

Situated on a generous lot measuring 69 by 112 feet, this property is located in the desirable community of 717 - Cornwall, within the area of Stormont, Dundas and Glengarry. The strategic positioning of 322 Cumberland Street, Cornwall, means that residents have easy access to a variety of local amenities, enhancing the appeal of this investment. Although there is no pool or fireplace, the building is equipped with municipal water and sewer services, ensuring reliable utilities for all tenants.

The rental arrangements for this Multi-Family Home for sale in Cornwall are particularly attractive. The property consists of three two-bedroom units and one one-bedroom unit. The rental income is as follows: Unit 1 is rented at $685 plus utilities, Unit 2 at $725 plus utilities, Unit 3 at $725 plus utilities, and Unit 4 at $875 plus utilities. Each unit is allocated one parking space, which is a significant advantage in this area. The absence of a garage does not detract from the property's appeal, as there is ample driveway space available for tenants.

Furthermore, the property does not feature a central vacuum system or air conditioning, but it is heated by a baseboard heating system, ensuring warmth and comfort during the colder months. The full, unfinished basement offers potential for future development or storage, providing additional value to this Multi-Family Home for sale in Cornwall.

It is important to note that this property is unfurnished, allowing new owners the flexibility to furnish the units according to their preferences or to leave them as is for a more minimalist approach. The absence of a family room and additional rooms may seem limiting; however, the well-designed layout of the existing units ensures that space is utilised effectively, making it a practical choice for tenants.

In summary, 322 Cumberland Street, Cornwall, presents a unique opportunity for investors looking to acquire a fully rented multiplex in a thriving community. With its strong rental income, strategic location, and solid cap rate, this Multi-Family Home for sale in Cornwall is an excellent choice for those seeking a reliable investment. The combination of spacious units, essential amenities, and the convenience of in-suite laundry facilities makes this property a desirable option for tenants, ensuring a steady stream of rental income for the new owner.

Don't miss out on this fantastic opportunity to invest in a Multi-Family Home for sale in Cornwall. Call today to arrange a private viewing and explore the potential that 322 Cumberland Street, Cornwall, has to offer. This property is not just a house; it is a gateway to a profitable investment in a vibrant community.

Community 717 in Cornwall, located within the city of Cornwall, is a charming and vibrant area that beautifully blends urban convenience with a touch of rural charm. Nestled amidst picturesque landscapes, this community offers residents a welcoming atmosphere, complete with a variety of local amenities, parks, and recreational facilities. The neighbourhood is characterised by its friendly residents and a strong sense of belonging, making it an ideal place for families and individuals alike. With easy access to essential services and a rich tapestry of cultural and social activities, Community 717 provides a delightful living experience for those seeking a balance between city life and the tranquillity of nature.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. Within a short distance, you will find Central Public School, an elementary school offering French language instruction for grades JK to 6, just 1.1 km away, with a school rating of 2.7. For secondary education, Cornwall Collegiate and Vocational School, also providing French language instruction for grades 7 to 12, is located only 1.0 km from the property, boasting a higher rating of 3.6. Additionally, Bishop Macdonell Catholic School, another elementary option, is situated 1.2 km away and has a commendable rating of 3.5. For secondary Catholic education, St. Matthew Catholic Secondary School is the closest at just 0.6 km, although it currently holds a rating of 0. Overall, the area offers a mix of public and Catholic schools, catering to different educational preferences, with several options within walking distance, ensuring that families have access to quality education for their children.