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310 Louisa Street, Cornwall, ON K6H 4R1

$268,000
: 6
BD
: 2
BA
: 1,500
SqFt

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List Price: $268,000
MLS#: X14144970
Status: ACTIVE
Type: Multifamily
SubType: Duplex
Style: 2-Storey
Bedrooms: 6
Bathrooms: 2
Living Area: 1500-2000
Province: ON
Municipality: Cornwall
Area: Stormont, Dundas and Glengarry
Neighborhood: 717 - Cornwall
Subdivision: Louisa & Walton

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Property Description

RENOVATED DUPLEX WITH A POTENTIAL 13.4% CAP RATE! An excellent opportunity for investors or buyers looking to offset their living expenses! This duplex features a beautifully renovated 3-bedroom main-floor unit, currently vacant and move-in ready, with an estimated market rent of $1,900/month. The upper unit is currently rented at $1,800/month, providing immediate rental income. Two parking spaces add convenience. With potential annual gross rental income of $44,400 and a projected 13.4% cap rate based on full occupancy at estimated market rents, this property offers excellent investment potential! Live in one unit while generating income from the other, or add this income-producing property to your portfolio!

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Additional Information

Taxes: $3,209
Heat Type: Forced Air
Heat Source: Gas
Air Conditioning: None
Kitchens: 2
Exterior: Vinyl Siding
Garage Type: None
Pool: None
Parking Spaces: 2