$299,900

For saleJust listed

222 Prince Arthur Street, Cornwall - Single Family for Sale

222 Prince Arthur Street, Cornwall, Ontario, K6H4N7

0 baths4 parking1,750 ft²50 × 90 ft (4,500 sq ft) lot sizeListed Today

Overview

This home in Cornwall is for sale offering roughly 1,750 sq ft of space. Listed at $299,900, it is attractively priced about 30% below the $430,000 median asking price in Cornwall. It has been on the market 0 days, fresher than the Cornwall average of 79 days.

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Description

TWO HOMES, ONE PROPERTY! An incredible opportunity for families looking to enter the market with affordable living expenses or investors seeking income potential with a projected cap rate of approximately 13%! Both homes are vacant, offering immediate flexibility. The beautifully renovated main home features 3 bedrooms, a 4-piece bathroom and extensive upgrades (2026) including new drywall, flooring, plumbing, electrical, furnace, hot water tank, kitchen and bathroom. Move-in ready with major updates completed for peace of mind! A separate 2-bedroom dwelling at the rear offers additional rental potential with some improvements, and estimated income of approximately $1,400/month to help offset living expenses. Live in one and rent the other, or explore the investment potential of both! Conveniently located close to the college, public transit, shopping and amenities. An affordable opportunity to build equity while generating income! Reach out now for a detailed expense breakdown. (id:66096)

Property Details

MLS®: X14146062
Property Type: Single Family
Bathrooms: 0
Parking: 4
Interior Size: 1,750 ft²
Lot Size: 50 × 90 ft (4,500 sq ft)
Frontage: 50 ft
Storeys: 2
Garage: No Garage
Property Tax: $2,254/yr
Listed: Today

Features

Foundation: Concrete
Exterior: Vinyl siding

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Cornwall listings, avg age

79d

Price / ft²

$171

List price

$300K

Haho

This single family in Cornwall has been listed for 0 days, which is 79 days fresher than the city average of 79. Act while there is still low competition.

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Listed by RE/MAX AFFILIATES MARQUIS LTD. · HEATHER OUDERKIRK

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K6H)

This home lists at $299,900, about 4.9× the local median household income of $61,200.

Carrying it typically needs a household income of about $58,581 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$299,900· $171/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $14,995

Min 5%50%

Mortgage payment$1,580/mo

↳ CMHC premium ($11,396 capitalized)

Property tax (est.)$188/mo

Total monthly$1,767

Cash Needed to Close

Down payment (5%)$14,995

Land transfer tax$2,974

Est. closing costs$3,400

Total cash needed$21,369

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