$279,999

$299,999For salePrice drop↓ $20,000 (7%)

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

412 Mc Connell Avenue, Cornwall, Ontario, K6H4L7

4 beds2 baths parking

310 Louisa Street, Cornwall, Ontario, K6H4R1

6 bd2 ba2 pk1,750 ft²Lot size 25 × 90 ft (2,250 sq ft)

Listed by RE/MAX AFFILIATES MARQUIS LTD.

460-462 12th Street West, Cornwall, Ontario, K6J3C9

For saleJust listed

Yesterday

$549K

460-462 12th Street West, Cornwall, Ontario, K6J3C9

6 bd2 ba6 pk2,250 ft²Lot size 60 × 128 ft (7,668 sq ft)

Listed by CENTURY 21 SHIELD REALTY LTD.

1206-1208 Easton Avenue, Cornwall, Ontario, K6H1X4

For saleJust listed

4 days ago

$450K

1206-1208 Easton Avenue, Cornwall, Ontario, K6H1X4

4 bd2 ba2 pk1,300 ft²Lot size 38 × 100 ft (3,750 sq ft)

Listed by RE/MAX HALLMARK REALTY GROUP

425 Aberdeen Avenue, Cornwall, Ontario, K6H2K7

For saleJust listed

6 days ago

$249K

425 Aberdeen Avenue, Cornwall, Ontario, K6H2K7

2 bd2 ba2 pk900 ft²Lot size 20 × 120 ft (2,400 sq ft)

Listed by RE/MAX AFFILIATES MARQUIS LTD.

Investment analysis

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$279,999

Cornwall

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33 × 130 ft (4,290 sq ft) lot size

Overview

This multi-family property in Cornwall is for sale offering roughly 1,300 sq ft of space. It has been on the market 44 days, fresher than the Cornwall average of 79 days.

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

Description

Welcome to 412 McConnell Ave, a cash flow positive investment, situated on a generous 130 ft deep lot. Offering two existing tenanted units with a combined annual rental income of $28,634.76, this property provides an established income stream for its next owner, with one of the units subsidized by Cornwall Housing. Conveniently located close to Cornwall Community Hospital, schools, parks, grocery stores & everyday shopping, with Cornwall Transit service nearby for easy access throughout the city. (id:66096)

Property Details

MLS®: X13810664
Property Type: Multi-family
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 2
Parking: 4
Interior Size: 1,300 ft²
Lot Size: 33 × 130 ft (4,290 sq ft)
Frontage: 33 ft
Storeys: 2
Basement: Unfinished, N/A
Heating: Baseboard heaters, Forced air, Electric, Natural gas
Cooling: None
Garage: No Garage
Property Tax: $2,046.22/yr
Listed: 44 days ago

Rooms

Ground level

Kitchen: 4.14 x 3.53 meters
Primary Bedroom: 3.17 x 2.87 meters
Bedroom 2: 3.17 x 2.87 meters
Living room: 4.09 x 3.48 meters

Second level

Kitchen: 4.14 x 3.53 meters
Primary Bedroom: 3.17 x 2.87 meters
Living room: 4.09 x 3.48 meters
Bedroom 2: 3.17 x 2.87 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Window Coverings
Foundation: Concrete
Exterior: Aluminum siding

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

44d

Cornwall listings, avg age

79d

Price / ft²

$215

List price

$280K

Haho

This 4-bed multi-family in Cornwall has been listed for 44 days, which is 35 days fresher than the city average of 79. Act while there is still low competition.

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Listed by EXP REALTY · ALESSANDRA FAIETA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K6H)

This home lists at $279,999, about 4.6× the local median household income of $61,200.

Carrying it typically needs a household income of about $54,694 (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)

$279,999· $215/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $13,999.95

Min 5%50%

Mortgage payment$1,475/mo

↳ CMHC premium ($10,640 capitalized)

Property tax (est.)$171/mo

Total monthly$1,645

Cash Needed to Close

Down payment (5%)$14,000

Land transfer tax$2,675

Est. closing costs$3,340

Total cash needed$20,015

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