$449,900

For saleJust listed

1206-1208 Easton Avenue, Cornwall - Multi-family for Sale

1206-1208 Easton Avenue, Cornwall, Ontario, K6H1X4

4 beds2 baths2 parking1,300 ft²38 × 100 ft (3,750 sq ft) lot sizeListed 5 days ago

Overview

This multi-family property in Cornwall is for sale offering roughly 1,300 sq ft of space. It has been on the market 5 days, fresher than the Cornwall average of 79 days.

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

Description

TURNKEY INVESTMENT OPPORTUNITY IN THE HEART OF CORNWALL! Beautifully renovated from top to bottom, this stunning duplex offers the perfect combination of modern living, exceptional versatility, and huge income potential. Bright, fresh, and inviting, both units have been thoughtfully updated throughout, creating stylish and comfortable living spaces that are sure to impress. Each spacious unit features two bedrooms, a full bathroom, a functional kitchen, and a welcoming living room filled with natural light. The extensive renovations provide a fresh, contemporary feel throughout, making this property a fantastic addition to any investment portfolio. Whether you're looking to expand your real estate holdings or enjoy the benefits of owning an income-generating property, this beautifully updated duplex delivers! Two beautifully renovated units, excellent rental income, and a truly turnkey opportunity! Lower unit currently rented for $1,800/month plus utilities. Upper unit can be rented for $1,600+/month plus utilities. (id:66096)

Property Details

MLS®: X14134002
Property Type: Multi-family
Zoning: RES20
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 2
Parking: 2
Interior Size: 1,300 ft²
Lot Size: 38 × 100 ft (3,750 sq ft)
Frontage: 38 ft
Storeys: 2
Basement: Unfinished, Full
Heating: Heat Pump, Forced air, Natural gas
Cooling: Central air conditioning, Wall unit
Garage: No Garage
Property Tax: $2,216/yr
Listed: 5 days ago

Features

Foundation: Concrete
Exterior: Vinyl siding
Lot Features: Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Cornwall listings, avg age

79d

Price / ft²

$346

List price

$450K

Haho

This 4-bed multi-family in Cornwall has been listed for 5 days, which is 74 days fresher than the city average of 79. Act while there is still low competition.

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Listed by RE/MAX HALLMARK REALTY GROUP · Matthew Klein

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K6H)

This home lists at $449,900, about 7.4× the local median household income of $61,200.

Carrying it typically needs a household income of about $87,881 (20% down, 25-yr amortization, stress-tested) — roughly 44% above the area median.

Median household income: $61,200
Population: 30,440
Median age: 46
Owner / renter: 55% / 45%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA K6H)

$449,900· $346/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $22,495

Min 5%50%

Mortgage payment$2,370/mo

↳ CMHC premium ($17,096 capitalized)

Property tax (est.)$185/mo

Total monthly$2,554

Cash Needed to Close

Down payment (5%)$22,495

Land transfer tax$5,473

Est. closing costs$3,850

Total cash needed$31,818

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