$249,000

For saleJust listed

425 Aberdeen Avenue, Cornwall - Multi-family for Sale

425 Aberdeen Avenue, Cornwall, Ontario, K6H2K7

2 beds2 baths2 parking900 ft²20 × 120 ft (2,400 sq ft) lot sizeListed 6 days ago

Overview

This multi-family property in Cornwall is for sale offering roughly 900 sq ft of space. It has been on the market 6 days, fresher than the Cornwall average of 79 days.

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

Description

An affordable opportunity to enter the investment market! Whether you're looking to become a landlord or explore the potential to owner-occupy while offsetting your living expenses with rental income, this centre-town duplex is worth a look. Featuring two self-contained one-bedroom units, each equipped with its own gas space heater, gas cooking stove, gas meter and electrical meter. Both units benefit from newly installed electrical panels, while the durable metal roof offers added peace of mind. Outside, you'll find a neatly maintained yard, a large storage shed and parking for two vehicles. Tucked away on a quiet, low-traffic street in an established centre-town neighbourhood, this property offers convenience without the hustle and bustle. Both existing tenancies are month-to-month. An accessible price point with income potential and flexibility for the future. 24hr irrevocable on all offers. Call today to book a tour! (id:66096)

Property Details

MLS®: X14079968
Property Type: Multi-family
Zoning: RES 20
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 2
Interior Size: 900 ft²
Lot Size: 20 × 120 ft (2,400 sq ft)
Frontage: 20 ft
Storeys: 2
Basement: None
Heating: Natural gas, Other
Cooling: None
Garage: No Garage
Property Tax: $1,358/yr
Listed: 6 days ago

Features

Appliances: Stove, Space Heater
Exterior: Aluminum siding, Vinyl siding

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Cornwall listings, avg age

79d

Price / ft²

$277

List price

$249K

Haho

This 2-bed multi-family in Cornwall has been listed for 6 days, which is 73 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. · KATIE BELLSMITH

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K6H)

This home lists at $249,000, about 4.1× the local median household income of $61,200.

Carrying it typically needs a household income of about $48,638 (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)

$249,000· $277/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $12,450

Min 5%50%

Mortgage payment$1,311/mo

↳ CMHC premium ($9,462 capitalized)

Property tax (est.)$113/mo

Total monthly$1,425

Cash Needed to Close

Down payment (5%)$12,450

Land transfer tax$2,215

Est. closing costs$3,247

Total cash needed$17,912

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