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$ 375,000
Est. payment | /mo
6 Beds
2 Baths
$ 375,000
Est. payment | /mo
6 Beds
2 Baths
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500 - 2000
Subdivision 717 - Cornwall
MLS® Listing ID X13473244
Bedrooms 6
Property Description
Welcome to 122-124 New Street! This two storey duplex features two spacious 3-bedroom units, with the desirable main-floor unit currently vacant and ready for occupancy. Conveniently located close to parks, schools, shopping, amenities, and public transit, this property offers an excellent opportunity for both investors and owner-occupants.Enjoy a large backyard and double-wide driveway, providing ample outdoor space and parking. For buyers looking to offset living expenses, the vacant main-floor unit offers the perfect opportunity to move in while generating rental income from the second unit. For investors, this allows you to find your ideal tenant at market value. With the main-floor unit vacant, the property generates an annual income of approximately $8,508. Estimated annual operating expenses are as follows:Insurance: $1,509. Water/Sewer: $1,769Property Taxes: $1,556. Recent updates include: Shingles replaced approximately 3 years ago, both furnaces installed approximately 2014, Owned hot water tanks installed approximately 2019 and 2021 and upgraded insulation. A minimum of 24 hours' notice is required for all showings. As per form 244, 24 hour irrevocable on all offers. (id:24570)
Location
State ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Window air conditioner
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 6
Garage No
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Listed by RE/MAX AFFILIATES MARQUIS LTD.