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MLS® X12823830

  • Key Facts
  • Description
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Key Facts

Type Multi Family
Levels Residential Income
Size 5272 sqft
Garage No
Taxes $7,316
Days Active 10
Lot Size 
Approx. Age 
Avg. Price Per Sqft $241
MLS® Number X12823830

Property Address: 120-122 Sydney St, Cornwall, ON, K6H3H2

Average square foot calculated using Size range provided by listing agent.

Description

BEAUTIFULLY RENOVATED UNIQUE HISTORIC BRICK BUILDING IN DOWNTOWN LOCATION! Check out this very unique historic building which has been converted to an easy to maintain 5 Plex residential apartment building (5, 272 sq.Ft. As per MPAC). All renovations were completed with City of Cornwall building permits, inspections and finals approvals. This fully renovated/fully occupied property has an approximate /estimated annual net cash flow of $80, 000 (before debt service, depreciation, vacancy & bad debt, management and maintenance). The capitalization rate for this investment property is calculated to be 7.1% at the listing price, based on the income and expenses provided by the seller. Each apartment is finished with hardwood flooring & beautifully updated contemporary kitchens with granite counters & stainless steel dishwasher + bathrooms. The units are spacious, with 4 two-bedroom and 1 one-bedroom with den. All suites feature a 4-piece bath, in-suite laundry, and extras like central self-controlled AC, individual decks, private paved parking, and stainless steel appliances (included). Each unit has its own services with separate meters + the tenants pay their own utilities. Seller requires SPIS signed & submitted with all offer(s) and 2 full business days irrevocable to review any/all offer(s). (id:58753)Show Description
MLS® NumberX12823830
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

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Commute

Starting Address
Destination Address
122 Sydney St, Cornwall, ON

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