More Photos

×

    For Sale - 207 Alice Street, Cornwall, Ontario

    Est payment $2,521/mo
    Get pre-qualified
    Views   5
    Time on Jump  35 day

    AI Summary *

    • Great fourplex investment close to St. Lawrence College and amenities.
    • Each unit has 2 bedrooms and 1 bathroom, appealing to tenants.
    • Dedicated parking spaces for each tenant located in front.
    • Current annual income around $67,000 with over 10% cap rate.
    • Convenient access to public transportation just 200 meters away.




    Excellent fourplex investment opportunity - 10%+ cap rate! Located just 500m from st. Lawrence college, this well-located fourplex offers an excellent opportunity for investors looking to add a multi-residential property to their portfolio. The property is also approximately 900m from a grocery store and other amenities, with the nearest bus stop just 200m away. Each of the four units features 2 bedrooms and 1 bathroom, providing a practical and desirable layout for tenants. Each tenant has the right to one parking space located in front of the building. Current monthly rents: 207: $1,350/month - tenant pays own electricity, 207a: $1,750/month - landlord pays utilities, 207b: $1,250/month, 207c: $1,250. 73/month. The property currently generates approximately $67,208. 78 in total annual rental income, with estimated annual operating expenses of approximately $14,686. 55, resulting in an estimated net operating income of $52,522. 23. Based on the current income and expenses, the property offers a cap rate of over 10%, making this an attractive income-producing opportunity for investors. The property currently has a gas furnace serving both upper-level units, while the two main-level units have been converted to electric baseboard heating, allowing the tenants in those units to be responsible for their own electricity consumption. With four 2-bedroom units, dedicated parking, convenient access to public transportation, nearby amenities, and its close proximity to st. Lawrence college, this property presents an opportunity for both experienced and first-time investors. As per form 244 offers to contain a 48-hour irrevocability. All showings require minimum 48 hours notice.
    Listing IDX13801788
    Address207 Alice Street
    CityCornwall, Ontario
    Price$525,000
    Bed / Bath8 / 4 Full
    Style2-Storey, Fourplex
    ConstructionBrick
    TypeMulti-Family
    StatusFor Sale

    Subtype FourplexIndoor Features Carpet Free, Water MeterOwnership FreeholdBasement UnfinishedFoundation ConcreteHeating / Cooling BaseboardHeating Fuel OtherSewer Sewer

    Parking 4.00
    ASAP

    Sat

    24

    Oct

    Sun

    25

    Oct

    Mon

    26

    Oct

    Tue

    27

    Oct

    Wed

    28

    Oct

    Thu

    29

    Oct

    Fri

    30

    Oct

    Sat

    31

    Oct

    Sun

    1

    Nov

    Mon

    2

    Nov

    Tue

    3

    Nov

    Wed

    4

    Nov

    Thu

    5

    Nov

    Fri

    6

    Nov

    Sat

    7

    Nov

    Sun

    8

    Nov

    Mon

    9

    Nov

    Tue

    10

    Nov

    Wed

    11

    Nov

    Thu

    12

    Nov

    Fri

    13

    Nov

    Sat

    14

    Nov

    Sun

    15

    Nov

    Mon

    16

    Nov

    Tue

    17

    Nov

    Wed

    18

    Nov

    Thu

    19

    Nov

    Fri

    20

    Nov

    Sat

    21

    Nov

    By clicking “Get pre-qualified” and/or 'Submit' you are expressly consenting, in writing, to receive telemarketing and other messages, including artificial or prerecorded voices, via automated calls or texts from jumprealty.ca and up.mortgages at the number you provided above. This consent is not required to purchase any good or service. Message and data rates may apply, frequency varies. Text HELP for help or STOP to cancel. More details in Terms of Use and Privacy Policy.

    Listing Brokerage: RE/MAX AFFILIATES MARQUIS LTD.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

    Hospital
    Parks
    Schools
    Place of Worship
    Please select an amenity above to view a list.

    Recommended Properties

    133 Bryden Avenue
    Cornwall, Ontario.
    4 Beds | 2 Baths
    $509,900
    1606 Pitt Street
    Cornwall, Ontario.
    3 Beds | 2 Baths
    $499,200
    524 Anthony Street
    Cornwall, Ontario.
    3 Beds | 2 Baths
    $524,900
    361 Angela Crescent
    Cornwall, Ontario.
    4 Beds | 2 Baths
    $479,900
    214 Fourth Street
    Cornwall, Ontario.
    3 Beds | 2 Baths
    $479,900
    112 Twelfth Street
    Cornwall, Ontario.
    3 Beds | 2 Baths
    $487,500
    916 Leonard Avenue
    Cornwall, Ontario.
    3 Beds | 2 Baths
    $474,900
    2761 Ross Avenue
    Cornwall, Ontario.
    3 Beds | 2 Baths
    $478,000
    276 Bellwood Drive
    Cornwall, Ontario.
    2 Beds | 2 Baths
    $469,900
    Loading...
    207 Alice Street
    Cornwall , Ontario
    8 4 $525,000
    Get more info