607 First Street E

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 607 First Street E, Cornwall, this well-maintained duplex is a real gem in the heart of the community. With its strong market rents and immediate cash flow, this property is a brilliant choice for savvy investors.

This charming multiplex boasts a two-storey design, making it an ideal setup for anyone wanting to maximise their rental income. With five bedrooms spread across the two units, there’s ample space for tenants, ensuring that you can attract quality renters. The property features two kitchens, which is a significant advantage for a Multi-Family Home for sale in Cornwall. Having separate cooking facilities means that each unit can operate independently, providing comfort and convenience for tenants.

Located in the vibrant area of Stormont, Dundas and Glengarry, 607 First Street E, Cornwall, is ideally positioned close to St. Lawrence College, making it a prime spot for students and faculty alike. The proximity to public transport, shopping, and other essential amenities means that your tenants will have everything they need right at their doorstep. This location not only enhances the appeal of the property but also ensures consistent demand, making it a sound investment.

Both units are currently occupied by reliable tenants, which means you can enjoy steady income from day one. One of the tenants has even prepaid several months of rent, providing instant peace of mind for the new owner. With a current gross income of £3,300, this Multi-Family Home for sale in Cornwall is a turnkey addition to any property portfolio. You won’t have to worry about finding tenants right away, as this property is already generating cash flow.

The exterior of the building features durable aluminium siding, which not only looks great but also requires minimal maintenance, allowing you to focus on managing your investment rather than worrying about upkeep. The property sits on a lot measuring 39 X 70 feet, providing a decent amount of outdoor space, though there is no pool or additional land included.

Inside, you’ll find a family room, perfect for creating a warm and inviting atmosphere for tenants. While there’s no central vacuum system or additional rooms, the two bathrooms ensure that the needs of all tenants are met comfortably. The property is unfurnished, allowing tenants to bring their own personal touch to their living spaces.

Heating is provided by a forced air system, and the home is equipped with central air conditioning to keep everyone cool during the warmer months. With municipal water and sewer services, you can rest assured that essential utilities are well taken care of. Although the basement is unfinished, it offers potential for future development, whether for storage or additional living space.

Parking is a breeze with one attached garage space and room for two additional vehicles, ensuring that your tenants won’t have to worry about finding a spot on the street.

In summary, this Multi-Family Home for sale in Cornwall at 607 First Street E, Cornwall, presents an excellent opportunity for anyone looking to invest in a property that offers both stability and growth potential. With its prime location, reliable tenants, and immediate cash flow, this duplex is a smart choice for investors wanting to make a solid addition to their portfolio. Don’t miss out on this chance to own a piece of Cornwall real estate that promises to deliver both value and peace of mind!

Community 717 in Cornwall, located within the city of Cornwall, offers a charming blend of suburban tranquillity and convenient access to urban amenities. This area is characterised by its picturesque streets, well-maintained parks, and a welcoming atmosphere that fosters a sense of belonging. Residents enjoy a variety of local shops, eateries, and recreational facilities, making it an ideal place for families and individuals alike. With its close-knit feel and proximity to essential services, Community 717 provides a perfect setting for those seeking a peaceful yet connected lifestyle in the heart of Cornwall.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. Central Public School, an elementary school offering grades JK to 6 under the Upper Canada District School Board, is just 0.8 km away and provides French language instruction, although it has a school rating of 2.7. A short distance of 1.0 km leads you to Cornwall Collegiate and Vocational School, a secondary institution for grades 7 to 12, also offering French language studies and boasting a higher rating of 3.6. For families seeking a Catholic education, Bishop Macdonell Catholic School is located only 0.7 km from the property, providing elementary education with a commendable rating of 3.5. Additionally, St. Matthew Catholic Secondary School, which serves grades 7 to 12, is 1.2 km away but currently holds a rating of 0. Overall, the area offers a variety of schooling options in both public and Catholic systems, catering to diverse educational preferences and ensuring that children have access to quality education within a short distance from home.