454 Eighth Street E

Introducing a remarkable investment opportunity: a Multi-Family Home for sale in Cornwall , located at 454 Eighth Street E, Cornwall. This well-maintained triplex is perfect for those looking to enhance their property portfolio or seeking a house-hacking opportunity. With a total of 8 bedrooms distributed across three spacious units, this property promises strong rental income, making it a sound financial choice.

Situated in the vibrant community of 717 - Cornwall, this property boasts a prime location at 454 Eighth Street E, Cornwall, nestled within the area of Stormont, Dundas and Glengarry. The building is a three-storey multiplex, featuring a charming exterior clad in vinyl siding, which not only enhances its aesthetic appeal but also ensures durability. With a total of 17 rooms, including three kitchens and three bathrooms, this Multi-Family Home for sale in Cornwall offers ample space for tenants to enjoy comfortable living.

The rental income from this property is impressive, with Unit 450 generating $1,291.51, Unit 452 bringing in $1,750.00, and Unit 454 yielding $1,550.00. This totals over $4,500 per month in gross rents, alongside a Net Operating Income (NOI) of $45,841.64. Each unit is separately metered with four hydro meters on site, making management straightforward and efficient. This feature is particularly beneficial for landlords, as it simplifies the billing process for tenants.

While the property does not include air conditioning, a pool, or a fireplace, it does feature a family room in each unit, allowing for a welcoming space for tenants to relax and unwind. The heating is provided by a radiant system, ensuring warmth during the colder months. The absence of a central vacuum system and additional land may seem like drawbacks, but they do not detract from the overall appeal of this Multi-Family Home for sale in Cornwall.

The property also includes an attached garage, providing excellent storage options for tenants or the potential for additional income. Additionally, there are three backyard sheds, further enhancing the storage capabilities of this property. With a lot size of 44 X 91 acres, there is ample outdoor space for tenants to enjoy, making it an attractive option for families or individuals seeking a bit of greenery in their living environment.

The location at 454 Eighth Street E, Cornwall, is not only convenient but also offers access to municipal water and sewer services, ensuring that tenants have all the necessary amenities at their fingertips. The property is unfurnished, allowing new owners or tenants to personalise their living spaces according to their tastes and preferences.

As a Multi-Family Home for sale in Cornwall, this property is a fantastic opportunity for both seasoned investors and those new to the property market. With a 24-hour notice required for all showings and a 48-hour irrevocable on all offers as per form 244, prospective buyers are encouraged to act swiftly to secure this incredible investment.

In summary, 454 Eighth Street E, Cornwall, is a well-positioned triplex that offers a wealth of potential for generating rental income. With its spacious units, strong rental history, and excellent storage options, this Multi-Family Home for sale in Cornwall is not to be missed. Whether you are looking to expand your investment portfolio or seeking a property that can accommodate multiple tenants, this triplex is a must-see. Don’t hesitate to explore this opportunity further!

Community 717, located within the city of Cornwall, offers a charming blend of urban convenience and natural beauty. Nestled in a picturesque setting, this area is characterised by its friendly atmosphere, well-maintained parks, and a variety of local amenities. Residents can enjoy easy access to shopping, dining, and recreational activities, all while being surrounded by the scenic landscapes of the region. With a strong sense of community spirit and a diverse population, Community 717 is an inviting place for those seeking a vibrant yet peaceful lifestyle in Cornwall.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, catering to a range of academic needs for families. Within a short distance, you will find Central Public School, an elementary school offering French language instruction for grades JK to 6, rated at 2.7, just 1.1 km away. Closer still, at 0.9 km, is Cornwall Collegiate and Vocational School, a secondary school also teaching in French, which serves grades 7 to 12 and boasts a higher rating of 3.6. For families seeking a Catholic education, Bishop Macdonell Catholic School, another elementary institution, is located only 0.9 km from the property, offering French instruction for grades JK to 6 with a commendable rating of 3.5. Additionally, St. Matthew Catholic Secondary School, serving grades 7 to 12, is situated 1.2 km away, although it currently holds a rating of 0. Overall, this area provides a variety of schooling options, both public and Catholic, ensuring that families can choose the best educational path for their children.