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$ 530,000
Est. payment /mo
New
1236-1242 Notre Dame ST Cornwall, ON K6J 4Y6
8 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision 717 - Cornwall
MLS Listing ID X13053028
Style 2-Storey
Bedrooms 8
Annual Tax Amount $2,846
Tax Year 2025
Property Sub-Type Fourplex
Property Description
FULLY LEASED FOUR PLEX in a great north end location close to shopping, a beautiful local municipal park, and public transit. This 4-plex produces an estimated annual net net income before debt service & depreciation of approximately $36,000 annually based on an I/E statement provided by the seller that includes both actual expenses plus the other typical investment building expenses included in the I/E Statement that many independent appraisers and some banks will use to evaluate the property for loans to establish market value. Before any offer is made the owner has arranged with appropriate tenant notice to show one of the 1 bedroom units located in the back of the building, and one of the 2 bedroom units at the front to allow prospective buyers to inspect the general condition of the building before proceeding further with evaluating this investment property. Please note the tenants own their own appliances and there is washer/dryer hook ups in all 4 units. Seller instructions (form 244) requires the legal RTA notice to tenants as a requirement for all showings, and in addition the seller requires the seller property information statement signed by the buyer & submitted with any offer(s) plus 2 full business days irrevocable to review any/all offer(s).
Location
Province ON
County Stormont, Dundas And Glengarry
Area Stormont, Dundas And Glengarry
Zoning Residential
Rooms
Family Room No
Basement Unfinished
Kitchen 4
Interior
Interior Features Other
Cooling Window Unit(s)
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 55.0
Lot Depth 93.7
Total Parking Spaces 4
Building
Foundation Concrete
Others
Senior Community No
ParcelsYN Yes
Listed by CAMERON REAL ESTATE BROKERAGE