501 Fifth Street W

If you’re on the lookout for a fantastic investment opportunity, look no further than this Multi-Family Home for sale in Cornwall . Nestled at 501 Fifth Street W, Cornwall, this well-maintained 5-unit multiplex is a real gem in the heart of the city. With its prime location just steps away from public transport, schools, shopping, and all the everyday amenities you could possibly need, it’s an attractive option for students, seniors, and working professionals alike.

This property boasts a generous total of 9 rooms, including 5 self-contained units, making it an ideal choice for anyone keen on maximising rental income. With 501 Fifth Street W, Cornwall, you’ll find that significant capital improvements have been made over the past four years. The roof shingles have been replaced, most windows have been updated, and there are new hot water tanks installed. The flooring has been refreshed, and the interiors have been painted to create a welcoming atmosphere. These enhancements provide a solid foundation for the next owner, ensuring that this Multi-Family Home for sale in Cornwall is not just a place to live, but a smart investment.

The property features a total of 9 bedrooms and 5 bathrooms, which means ample space for tenants. There’s no denying that the rental demand in the area is strong, and with the potential to increase rents, renovate, and optimise the unit mix, the upside for a savvy investor is substantial. If you’re looking to expand your multi-residential portfolio in a growing Eastern Ontario market, this is the perfect opportunity for you.

One of the standout features of this Multi-Family Home for sale in Cornwall is the municipal water and sewer services, which adds to the convenience for both owners and tenants. While there’s no central vacuum system, air conditioning, or fireplace, the property is equipped with internet access, which is a must-have for modern living. The building is unfurnished, allowing you the freedom to design the space as you see fit.

Parking is a breeze with space for up to 5 vehicles, making it easy for tenants to come and go. However, do note that there’s no garage space or driveway, but the ample parking area compensates for that. The lot itself measures a decent 50 X 52 feet, providing enough outdoor space for tenants to enjoy without being overwhelming.

Although the basement is unfinished, it presents a blank canvas for potential future developments or storage solutions. The lack of a pool and family room might seem like a drawback, but the location and the existing amenities more than make up for it. This Multi-Family Home for sale in Cornwall is designed for those who appreciate the value of a well-located asset with immediate and long-term upside potential.

In summary, 501 Fifth Street W, Cornwall, is a rare opportunity to acquire a property that’s not only well-located but also has significant potential for growth. Whether you’re a seasoned investor or someone looking to dip your toes into the multi-residential market, this property offers flexibility in possession and a chance to make a solid investment. Don’t miss out on this Multi-Family Home for sale in Cornwall; it could be the perfect addition to your portfolio!

So, if you’re ready to explore the possibilities that this property has to offer, make sure to consider 501 Fifth Street W, Cornwall, as your next investment venture. It’s a fantastic chance to secure a prime piece of real estate in a thriving community!

Community 717 in Cornwall is a charming and vibrant area nestled within the picturesque city of Cornwall, Ontario. This community boasts a blend of residential comfort and local amenities, making it an ideal place for families and individuals alike. With its tree-lined streets, well-maintained parks, and proximity to the scenic St. Lawrence River, residents enjoy a tranquil yet connected lifestyle. The area features a mix of modern conveniences, including shops, schools, and recreational facilities, all within easy reach. Whether you're seeking a peaceful retreat or an active community life, Community 717 offers a welcoming atmosphere that captures the essence of small-town living while being close to the conveniences of urban life.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within a 1.5 km radius, you will find a variety of schools catering to different educational needs. Central Public School, just 1.4 km away, offers elementary education in French for grades JK to 6 and has a school rating of 2.7. For secondary education, Cornwall Collegiate and Vocational School is located 1.2 km from the property, providing French instruction for grades 7 to 12, with a higher rating of 3.6. Additionally, Bishop Macdonell Catholic School, also an elementary institution, is situated 1.5 km away and boasts a rating of 3.5. For those seeking a Catholic secondary education, St. Matthew Catholic Secondary School is only 0.9 km away, although it currently has a rating of 0. Overall, the area offers a mix of public and Catholic schools, ensuring that families have access to quality education options in both elementary and secondary levels, all within a short distance from the property.