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$724,900
Cornwall
214 Eighth Street West, Cornwall, Ontario, K6J2Z6
This multi-family property in Cornwall is for sale offering roughly 2,750 sq ft of space. It has been on the market 19 days, fresher than the Cornwall average of 79 days.
Excellent investment opportunity in the heart of Cornwall! This well-maintained six-unit residential building offers investors a stabilized, income-producing asset with strong existing rents, quality tenants, and additional upside potential. The current owners have done an excellent job stabilizing the property, providing a solid foundation for the next investor. Priced at approximately $120,000 per unit, this property presents an attractive opportunity for both seasoned investors and those looking to expand their multifamily portfolio. Conveniently located near local amenities, shopping, schools, and public transit. A great opportunity to acquire a solid multifamily investment in Cornwall's rental market. Contact today for additional information and financials. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 19 days on market, against an average age of 79 days across the listings currently for sale in this city
This 6-bed multi-family in Cornwall has been listed for 19 days, which is 60 days fresher than the city average of 79. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $724,900, about 12.0× the local median household income of $60,400.
Carrying it typically needs a household income of about $141,598 (20% down, 25-yr amortization, stress-tested) — roughly 134% above the area median.
Source: Statistics Canada, 2021 Census (FSA K6J)
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Loading rates, 30-yr amortization
Cash Needed to Close
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