Skip to content

401-403 WATER STREET E, Cornwall

5 BEDS · 5 BATHS · 3500 - 5000 sqft

$530,000

Are you looking for a wonderful property with a great income? Look no further. This 5-plex is centrally located near the St. Lawrence and all its amenities, including the mall, bus routes, and local shops. While originally built in 1986, the property has been well-maintained with a brick exterior makeover, new roof shingles in 2020, and new sidewalks on the corner and west side. The building features two larger units on the ground floor with spacious living rooms and kitchens, plus three units on the upper level, one of which has been recently renovated. Each unit has a separate hydro meter. New tenants can be signed as rent + hydro (one upper unit is already paying their own hydro). Hot water is provided by a cost-saving, gas, on-demand system. Each unit includes its own laundry hookups, with the exception of one upper unit. There 4 parking spots at the back of the building. Schedule your showing to check out this cared-for 5 plex. "Other" expense is natural Gas $785.64/year for on demand HW. Gross yearly income is currently $53,508.00. (January 2027 will be $60,938.00 when fully rented). to be verified. 48 hour notice required for showings. SC with MLS X13765952

General Info


MLS Listing ID: X13781138 Bedrooms: 5 Bathrooms: 5 Year Built: 0
Listing Type: Multi-family Half Baths: N/A Fireplace Fuel: N/A Maintenance Fee: N/A
Foundation: Concrete Roof: N/A Title To Land: N/A Parking Space Total: 4
Parking: No Garage Heating: Baseboard heaters Size: 3500 - 5000 sqft Air Conditioning : None
Home Style: N/A Finished Floor Area: N/A Fireplaces: N/A Basement: Crawl space
Water Supply: Municipal water Road Type: N/A Pool Type: N/A

Mortgage Calculator


Disclaimer: NOTE: ©1998-2019 The Canadian Real Estate Association. All rights reserved. REALTOR®, REALTORS®, and all related graphics are trademarks of REALTOR® Canada Inc. a corporation owned by The Canadian Real Estate Association and the National Association of REALTORS®.

CONTACT ME

CONTACT FORM