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$268,000
Cornwall
310 Louisa Street, Cornwall, Ontario, K6H4R1
This multi-family property in Cornwall is for sale offering roughly 1,750 sq ft of space. It has been on the market 1 day, fresher than the Cornwall average of 79 days.
RENOVATED DUPLEX WITH A POTENTIAL 13.4% CAP RATE! An excellent opportunity for investors or buyers looking to offset their living expenses! This duplex features a beautifully renovated 3-bedroom main-floor unit, currently vacant and move-in ready, with an estimated market rent of $1,900/month. The upper unit is currently rented at $1,800/month, providing immediate rental income. Two parking spaces add convenience. With potential annual gross rental income of $44,400 and a projected 13.4% cap rate based on full occupancy at estimated market rents, this property offers excellent investment potential! Live in one unit while generating income from the other, or add this income-producing property to your portfolio! (id:66096)
Features and services as supplied by the listing brokerage.
Just listed: 1 day 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 1 day, which is 78 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 $268,000, about 4.4× the local median household income of $61,200.
Carrying it typically needs a household income of about $52,350 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA K6H)
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Loading rates, 30-yr amortization
Cash Needed to Close
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