CAONCornwallCornwall272 Pitt St
Listing image | Image 1

272 Pitt St, Cornwall, ON

House

For Sale

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to see price

000

MLS® X13591008

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size -
Garage None
Taxes $10,901
Days Active 6
Lot Size 
Approx. Age 
MLS® Number X13591008

Property Address: 272 Pitt St, Cornwall, ON, K6J3P6

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

Description

Buy a paycheck, not a project. Welcome to 272 Pitt Street, a fully renovated mixed-usecornerstone asset offering exceptional cash flow with a proven Net Operating Income (NOI) of$104, 040 and an impressive 7.7% cap rate. For investors seeking strong, stable returns, this property offers the potential to generate significant annual income from day one.This turnkey investment features six income-producing units comprised of four residential apartments and two established commercial units, providing a diversified and resilient revenue stream. More than $450, 000 in capital improvements have been invested, leaving virtually no deferred maintenance for the next owner.Extensive upgrades include new electrical panels with separate metering, all-new PEX plumbing, brand-new hot water tanks, and a 100% electric heating system, eliminating landlord gas expenses. Every residential unit has been tastefully modernized with luxury vinyl plank flooring, LED lighting, contemporary kitchens with quartz countertops and stainless steel appliances, and beautifully renovated bathrooms.Whether you're looking to strengthen your portfolio or secure a high-performing asset with immediate income potential, 272 Pitt Street delivers the kind of predictable cash flow investors rarely find in today's market. Vendor Take-Back (VTB) financing may be available to qualified purchasers, subject to terms and negotiations. Complete financial statements are available upon request.Show Description
MLS® NumberX13591008
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNone
Approx. Age
Basement
DrivewayGarage Type:None
Garage Spaces
HeatBaseboard
A/CNo

Extras

Price History

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  • Commute

Commute

Starting Address
Destination Address
272 Pitt St, Cornwall, ON

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