$369,000

For sale

212 Mc Connell Avenue, Cornwall - Multi-family for Sale

212 Mc Connell Avenue, Cornwall, Ontario, K6H4L3

4 beds2 baths2 parking1,750 ft²25 × 90 ft (2,250 sq ft) lot sizeListed 40 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 40 days, fresher than the Cornwall average of 79 days.

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

Description

Attention Investors! This clean and well-maintained duplex in the desirable Le Village District generates $3,220/month and offers strong rental potential. Conveniently located near parks, public transit, schools, shopping, recreation, and the St. Lawrence River, this fully occupied property is an excellent addition to any investment portfolio. Main Level Unit: 2 Bedrooms Rented at $1660/month + utilities. Upper Level Unit: 2 Bedrooms Rented at $1560/month + utilities. In-suite laundry in each unit. One parking space is provided per unit at the rear of the building. Please Note: A minimum of 24 hours' notice is required for all showings. Don't miss out on this solid income-generating property! (id:66096)

Property Details

MLS®: X13827258
Property Type: Multi-family
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 2
Parking: 2
Interior Size: 1,750 ft²
Lot Size: 25 × 90 ft (2,250 sq ft)
Frontage: 25 ft
Storeys: 2
Basement: Unfinished, N/A
Heating: Forced air, Natural gas
Cooling: None
Garage: No Garage
Property Tax: $2,216/yr
Listed: 40 days ago

Features

Foundation: Concrete
Exterior: Steel, Stone

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

40d

Cornwall listings, avg age

79d

Price / ft²

$211

List price

$369K

Haho

This 4-bed multi-family in Cornwall has been listed for 40 days, which is 39 days fresher than the city average of 79. Act while there is still low competition.

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Listed by RE/MAX DELTA REALTY TEAM · Shibu Varghese

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K6H)

This home lists at $369,000, about 6.0× the local median household income of $61,200.

Carrying it typically needs a household income of about $72,079 (20% down, 25-yr amortization, stress-tested) — roughly 18% 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)

$369,000· $211/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $18,450

Min 5%50%

Mortgage payment$1,944/mo

↳ CMHC premium ($14,022 capitalized)

Property tax (est.)$185/mo

Total monthly$2,128

Cash Needed to Close

Down payment (5%)$18,450

Land transfer tax$4,010

Est. closing costs$3,607

Total cash needed$26,067

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

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