$250,000
$250,000
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229 FIRST ST W Cornwall, ON K6J 1C4
Key Details
Sold Price $250,000
Property Type Multi-Family
Sub Type Multifamily
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 1386364
Sold Date 04/19/24
Annual Tax Amount $1,911
Tax Year 2023
Property Description
This large, solid-brick, up & down duplex building is located in the core of downtown, two blocks from Pitt St. shops and restaurants. POSITIVE CASH-FLOW is ideal for buy & hold investors. Bonus, there's loads of potential to build equity and renovate the units in the future. With original hardwood floors, character trim, moldings and built-in, this would be a fun project to restore. There's potential for 4 parking spaces at the rear and a circular municipal road around the building for pickup and drop-off convenience. Each apartment has 2 bedrooms. Same layout, stacked. Each unit is separately serviced. Gas furnace in main unit. Rents are $900/mth+ and $1015/mth+. Tenants pay their own utility. This versatile purchase is a great investment. 24hr irrevocable. Call now!
Location
Province ON
Rooms
Basement Full
Interior
Heating Electricity, Natural Gas
Flooring Hardwood, Mixed
Exterior
Garage Gravel
Roof Type Asphalt Shingle
Building
Story 2
Sewer Sewer Connected
Water Municipal
Structure Type Brick
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