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$289,900
Est. payment /mo
4 Beds
2 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision 717 - Cornwall
MLS Listing ID X12689586
Style 2-Storey
Bedrooms 4
Annual Tax Amount $2,020
Tax Year 2025
Property Sub-Type Duplex
Property Description
Excellent opportunity to enter the investment market with this well-maintained duplex located in a central downtown location. The property offers two self-contained units, each featuring 2 bedrooms and 1 bathroom, providing strong and consistent rental appeal. The main floor unit is heated by a newer forced-air gas furnace, while the second-floor unit is heated by an owned gas wall heater. Both tenants pay their own utilities, helping keep operating expenses low and predictable for an investor. Recent improvements include a newer rear staircase and deck serving the upper unit, and a detached garage adds additional storage or potential income opportunity. The location is a notable advantage, with commercial properties situated behind and beside the building, offering increased privacy during evenings and weekends-a rare benefit for a downtown property. Income Summary: Gross Annual Rental Income: $22,500 Net Operating Income: $14,100 per year. This property provides steady income today with future upside through rent growth, making it an ideal starter investment or a solid addition to an existing portfolio.
Location
Province ON
County Stormont, Dundas And Glengarry
Area Stormont, Dundas And Glengarry
Rooms
Family Room No
Basement Unfinished
Kitchen 2
Interior
Interior Features None
Cooling None
Fireplace No
Heat Source Gas
Exterior
Garage Spaces 1.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 40.0
Lot Depth 90.0
Total Parking Spaces 2
Building
Foundation Concrete
Others
ParcelsYN No
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Listed by RE/MAX AFFILIATES MARQUIS LTD.
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