625 MONTREAL ROAD Active Save Request In-Person Tour Request Virtual Tour
Cornwall,ON K6H1C3
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Cornwall
MLS Listing ID 1411326
Originating Board Cornwall & District Real Estate Board
Year Built 2006
Property Description
Attention Investors! Newly converted legal Tri-Plex being sold vacant! Pick your tenants! Set your own rents & no rent control! Fully Renovated! Solid building with original construction 2006! Walking distance to St. Lawrence College. 3 units each with 2 bedrooms, kitchen, washer & dryer, & dishwasher hook ups. Building is turn key! Roof 5+/- years! Electrical updates & plumbing updates! Conversion 2024, 3 meters, 3 hot water heaters & all units pay own utilities. Exterior freshly painted. Final stages of construction underway & will be completed prior to closing, units will be completed to same standard & material as the current completed unit. Property Taxes & Water taxes to be determine by MPAC due to conversion from Commercial to Residential. Don't miss adding this property to your portfolio. Cash flow is an estimate of current market rents. Buyer to confirm taxes & water. Estimated rental income creates a cap rate of 5.6%. 24 hours on all offers as per form 244. Seller is Broker (id:24570)
Location
Province ON
Interior
Heating Baseboard heaters
Cooling None
Flooring Laminate,Other
Exterior
Garage No
Waterfront No
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Story 2
Sewer Municipal sewage system