$739,000

For sale

10 John Street, Cornwall - Multi-family for Sale

10 John Street, Cornwall, Prince Edward Island, C0A1H4

20,473 sq ft (0.47 ac) lot sizeListed 30 days ago

Overview

This multi-family property in Cornwall is for sale. It has been on the market 30 days, fresher than the Cornwall average of 79 days.

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44 Miah Drive, Cornwall, Prince Edward Island, C1B0K2

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34 days ago

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Listed by RE/MAX CHARLOTTETOWN REALTY

36 Miah Drive, Cornwall, Prince Edward Island, C1B0K2

For sale

34 days ago

$860K

36 Miah Drive, Cornwall, Prince Edward Island, C1B0K2

Listed by RE/MAX CHARLOTTETOWN REALTY

Investment analysis

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$739,000

Cornwall

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Description

Located in Cornwall, just a short drive from Charlottetown, 10 John Street offers six apartments comprising four two-bedroom units and two one-bedroom units. The property sits on approximately 0.47 acres and includes shared laundry facilities, paved parking for seven vehicles, and municipal water and sewer services. Nearby schools, shopping, restaurants, and recreation facilities add to its appeal for tenants. An opportunity for buyers seeking a rental property, with potential to explore future condominium conversion, subject to the necessary approvals and buyer due diligence. (id:66096)

Property Details

MLS®: 202625178
Property Type: Multi-family
Zoning: Multi-Family
Lot Size: 20,473 sq ft (0.47 ac)
Year Built: 1977
Storeys: 3
Heating: Baseboard heaters, Oil, Hot Water
Garage: Parking Space(s)
Ownership: Freehold
Property Tax: $7,209.5/yr
Listed: 30 days ago

Features

Appliances: Oven - Electric, Cooktop - Electric
Flooring: Tile, Carpeted
Foundation: Poured Concrete
Exterior: Aluminum siding

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

30d

Cornwall listings, avg age

79d

List price

$739K

Haho

This multi-family in Cornwall has been listed for 30 days, which is 49 days fresher than the city average of 79. Act while there is still low competition.

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Listed by ISLAND REALTY INC. · Mehrnoosh Aghdassi

Location

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$739,000

For sale

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Full Cost Breakdown

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Down Payment6.62% · $48,900

Min 6.62%50%

Mortgage payment$3,826/mo

↳ CMHC premium ($27,604 capitalized)

Property tax (est.)$601/mo

Total monthly$4,427

Cash Needed to Close

Down payment (6.62%)$48,900

Land transfer tax$11,085

Est. closing costs$4,717

Total cash needed$64,702

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