$359,900

$365,000For salePrice drop↓ $5,100 (1%)

107-109 Cumberland Street, Cornwall - Multi-family for Sale

107-109 Cumberland Street, Cornwall, Ontario, K6J4H4

6 beds4 baths5 parking1,750 ft²70 × 71 ft (4,970 sq ft) lot sizeListed 54 days ago

Overview

This multi-family property in Cornwall is for sale offering roughly 1,750 sq ft of space. It has been on the market 54 days, fresher than the Cornwall average of 78 days.

Multi-Family Properties for Sale in Cornwall →All real estate in Cornwall →

Description

Great investment opportunity! Fully rented side-by-side duplex located in a desirable, family-friendly neighborhood. Each unit offers 3 bedrooms, 1 full bathroom, plus a convenient 2-piece on the main floor (4-piece and 2-piece in Unit 109; 3-piece and 2-piece in Unit 107). Tenants enjoy private entrances, separate backyards, and a large front balcony that spans the entire width of the building. Both units are equipped with forced air gas furnaces and central air (installed approx. 2022) for year-round comfort. Tenants pay their own utilities, with separate 100-amp electrical breaker panels and individual natural gas meters servicing each unit. Ample parking is available for tenants and guests. Ideally located within walking distance to the waterfront, bicycle paths, and a local convenience store, and just minutes from shopping and the international bridge. Turnkey property with steady income for investment. New front Deck (2026). Gross Annual Income and Expenses rounded to nearest dollar for 2025: $39000 Income, $2541 Property tax, $1746 water and Sewer tax, $1110 Rental Equipment, $1600 Owners Insurance. Seller instructions: 48 Hour Irrevocable required on all offers from time of submission. (id:66096)

Property Details

MLS®: X13773438
Property Type: Multi-family
Zoning: RES40
Bedrooms: 6
Beds (above / below): 6 above · 0 below
Bathrooms: 4
Half Baths: 2
Parking: 5
Interior Size: 1,750 ft²
Lot Size: 70 × 71 ft (4,970 sq ft)
Frontage: 70 ft
Storeys: 2
Basement: Full, Crawl space
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Property Tax: $2,541/yr
Listed

Features

Foundation: Concrete
Exterior: Aluminum siding, Vinyl siding
Lot Features: Irregular lot size

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

54d

Cornwall listings, avg age

78d

Price / ft²

$206

List price

$360K

Haho

This 6-bed multi-family in Cornwall has been listed for 54 days, which is 24 days fresher than the city average of 78. Act while there is still low competition.

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Listed by WHEELER SMART CHOICE REALTY BROKERAGE · AARON FORTIER

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K6J)

This home lists at $359,900, about 6.0× the local median household income of $60,400.

Carrying it typically needs a household income of about $70,301 (20% down, 25-yr amortization, stress-tested) — roughly 16% above the area median.

Median household income: $60,400
Population: 17,827
Median age: 46.8
Owner / renter: 54% / 46%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA K6J)

$359,900· $206/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $17,995

Min 5%50%

Mortgage payment$1,896/mo

↳ CMHC premium ($13,676 capitalized)

Property tax (est.)$212/mo

Total monthly$2,107

Cash Needed to Close

Down payment (5%)$17,995

Land transfer tax$3,874

Est. closing costs$3,580

Total cash needed$25,449

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