$324,900
Cornwall
271-267 Twelfth Street West, Cornwall, Ontario, K6J3C5
This 4-bedroom, 2-bathroom home in Cornwall is for sale offering roughly 1,300 sq ft of space. Listed at $324,900, it is attractively priced about 24% below the $430,000 median asking price in Cornwall. It has been on the market 53 days, fresher than the Cornwall average of 79 days.
Excellent investment opportunity in a quiet and well-established area of Cornwall! This well-located duplex on 12th Street offers two separate rental units, steady rental income, parking, outdoor storage, and several features that make it an attractive long-term addition to an investment portfolio.Unit 371 is a spacious 3-bedroom unit arranged over two levels, providing tenants with plenty of living space and a practical layout. This unit is currently rented for $1,150 per month plus utilities. With three bedrooms and two-storey living, it offers strong appeal for families, couples, or tenants looking for additional space.Unit 367 is a comfortable 1-bedroom unit currently rented for $850 per month. Its smaller, efficient layout makes it an appealing option for a single tenant or couple. Tenants are responsible for their own utilities, helping the owner maintain more predictable operating expenses.A major recent improvement is the roof, which was completely replaced this year, offering added peace of mind to a future owner and reducing the likelihood of a major roofing expense in the near term.The property also provides dedicated storage space for each tenant in the backyard, an excellent feature for bicycles, seasonal items, tools, and personal belongings. On-site parking is available, adding further convenience for both units.Located in a very quiet residential area of Cornwall, this duplex offers a combination of affordability, rental stability, and long-term investment potential. Whether you are an experienced investor looking to expand your portfolio or a buyer searching for a first income-producing property, this duplex represents a solid opportunity in the Cornwall rental market.A practical property with existing tenants, established income, separate living spaces, recent roof improvements, storage, and parking - a strong foundation for a long-term real estate investment. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Long Listed: 53 days on market, against an average age of 79 days across the listings currently for sale in this city
This 4-bed single family in Cornwall has been listed for 53 days, which is 26 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 $324,900, about 5.4× the local median household income of $60,400.
Carrying it typically needs a household income of about $63,464 (20% down, 25-yr amortization, stress-tested) — roughly 5% above the area median.
Source: Statistics Canada, 2021 Census (FSA K6J)
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