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$599,900
Edwardsburgh/Cardinal
341 New Street East, Edwardsburgh/Cardinal, Ontario, K0E1E0
This multi-family property in Edwardsburgh/Cardinal is for sale offering roughly 3,250 sq ft of space. It has been on the market 55 days, fresher than the Edwardsburgh/Cardinal average of 85 days.
Fully tenanted four-unit property offering strong income potential within walking distance of the post office, local shops and the waterfront Cardinal Legion. Units 1 and 2 each feature two bedrooms and one bathroom, while Units 3 and 4 each offer one bedroom and one bathroom. Each unit has separately metered hydro, in-unit laundry and its own fenced backyard, providing tenants with added convenience and privacy. An on-site shed provides dedicated storage space for each unit, and there is ample parking for residents. With a practical layout and strong rental demand, this property is an excellent opportunity for investors looking to expand their portfolio. 24-hour irrevocable period is required on all offers. Minimum of 24 hours' notice is required for all showings. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 55 days on market, against an average age of 85 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 63 days on the market over the past year, against a median of 48 days across the markets we publish.
This 6-bed multi-family in Edwardsburgh/Cardinal has been listed for 55 days, which is 30 days fresher than the city average of 85. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $599,900, about 7.2× the local median household income of $83,000.
Carrying it typically needs a household income of about $117,181 (20% down, 25-yr amortization, stress-tested) — roughly 41% above the area median.
Source: Statistics Canada, 2021 Census (FSA K0E)
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Loading rates, 30-yr amortization
Cash Needed to Close
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