415 Mcconnell Avenue

Nestled in the heart of Cornwall, this exceptional Multi-Family Home for sale in Cornwall at 415 Mcconnell Avenue is an investor's dream. This well-maintained multiplex, featuring a 2-storey design, is situated in the vibrant community of 717 - Cornwall, within the area of Stormont, Dundas and Glengarry. With a total of 11 rooms, including six spacious bedrooms and three bathrooms, this property is poised to deliver outstanding cash flow, making it a valuable addition to any investment portfolio.

The upper unit of this Multi-Family Home for sale in Cornwall is currently leased to reliable tenants, ensuring a steady income stream. Meanwhile, the lower unit is vacant and ready for new tenants, providing a seamless opportunity for immediate rental income. Each unit comprises approximately 700 square feet, thoughtfully designed to maximise space and comfort. The lower unit has recently undergone extensive renovations in 2024, boasting new flooring, a modern kitchen, updated lighting, fresh paint, new doors, and several new windows. These enhancements not only elevate the aesthetic appeal but also significantly enhance tenant desirability.

The upper unit has also been tastefully renovated, with updates completed in 2020 that include a brand-new kitchen, fresh paint throughout, and modernised baseboard heaters. This meticulous attention to detail ensures that both units are appealing to potential tenants, thus minimising vacancy periods. Additionally, the property comes equipped with landlord-owned appliances, adding further value and convenience for future occupants. It is worth noting that tenants are responsible for their own utilities, with the exception of water and sewer, which helps keep operating costs remarkably low.

This Multi-Family Home for sale in Cornwall is situated on a lot measuring 26 by 104 feet, providing ample space for outdoor activities or future enhancements. Although there is no pool or garage space, the property includes parking for up to three vehicles, ensuring that both tenants have convenient access to their transportation. The exterior of the building is clad in durable vinyl siding, offering both aesthetic appeal and low maintenance.

While the property does not feature air conditioning or a central vacuum system, it is equipped with forced air heating, ensuring a comfortable living environment throughout the year. The unfinished basement presents an opportunity for further development or storage, allowing for personalisation to suit the needs of the owner or future tenants.

Located at 415 Mcconnell Avenue, Cornwall, this Multi-Family Home for sale in Cornwall is perfectly positioned within a high-demand rental market. The community is known for its vibrant atmosphere and accessibility to local amenities, making it an attractive location for prospective tenants. With the potential to generate nearly £40,000 in net income annually, this property promises strong returns from day one.

In summary, this Multi-Family Home for sale in Cornwall at 415 Mcconnell Avenue, Cornwall, is a rare find that combines excellent rental potential with modern amenities and recent upgrades. Whether you are an experienced investor or looking to enter the property market, this turnkey duplex offers a unique opportunity to secure a profitable asset in a thriving community. Don’t miss out on the chance to own this remarkable property that is sure to attract quality tenants and provide substantial returns for years to come.

Community 717 in Cornwall, located within the city of Cornwall, offers a charming blend of suburban tranquility and convenient access to urban amenities. Nestled in a picturesque setting, this area is characterised by its well-maintained parks, family-friendly streets, and a strong sense of local pride. Residents enjoy a variety of recreational opportunities, from leisurely strolls along scenic pathways to community events that foster neighbourly connections. With its proximity to schools, shops, and essential services, Community 717 is an ideal choice for those seeking a welcoming environment that balances the best of both rural and urban living.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, catering to a range of academic needs. Within a short distance, you will find Central Public School, an elementary school offering French-language instruction for grades JK to 6, located just 1.0 km away, with a school rating of 2.7. Additionally, Bishop Macdonell Catholic School, also an elementary institution, is situated 0.9 km from the property and boasts a higher rating of 3.5, providing a Catholic education in French for the same grade levels. For secondary education, Cornwall Collegiate and Vocational School is a public school 1.2 km away, rated at 3.6, offering French-language education for grades 7 to 12. St. Matthew Catholic Secondary School, located 1.5 km from the property, provides a Catholic secondary education but currently has a school rating of 0. This diverse array of schools, including both public and Catholic options, ensures that families have access to quality education within a convenient distance, making this property an attractive choice for buyers with children.

Key Statistics of the Neighbourhood

The area surrounding the property has a small population of 427 residents, with an average household size of 2 individuals. The community has a relatively young demographic, with an average age of 38.1 years. Economic indicators reveal an average household income of $49,600, with a significant portion of the population (42%) classified as low-income. The average property price in the area is approximately $270,000, making it an accessible option for potential buyers. Notably, 57.14% of the population is single, and 26.09% of households have children, indicating a mix of family structures. The rental market is prominent, with 78.57% of residents renting their homes, and only 7.14% living in condominiums. Education levels are moderate, with 32% of the population holding a college or university degree. However, a considerable 52% of the population is not in the labor force, which may impact the local economy and community dynamics. Additionally, the area has a small immigrant population of 6.38%, contributing to its diversity. Overall, the demographic profile suggests a community with economic challenges, a youthful population, and a significant rental market.