Ottawa & Eastern OntarioNicolas Sigounis, REALTOR® · EXIT Realty Matrix, Brokerage

122 New Street Cornwall, Ontario K6H 3G2

6 Bedroom 2 Bathroom 1,500 - 2,000 sqft
Window Air Conditioner Forced Air

$375,000

Welcome to 122-124 New Street! This two storey duplex features two spacious 3-bedroom units, with the desirable main-floor unit currently vacant and ready for occupancy. Conveniently located close to parks, schools, shopping, amenities, and public transit, this property offers an excellent opportunity for both investors and owner-occupants.Enjoy a large backyard and double-wide driveway, providing ample outdoor space and parking. For buyers looking to offset living expenses, the vacant main-floor unit offers the perfect opportunity to move in while generating rental income from the second unit. For investors, this allows you to find your ideal tenant at market value. With the main-floor unit vacant, the property generates an annual income of approximately $8,508. Estimated annual operating expenses are as follows:Insurance: $1,509. Water/Sewer: $1,769Property Taxes: $1,556. Recent updates include: Shingles replaced approximately 3 years ago, both furnaces installed approximately 2014, Owned hot water tanks installed approximately 2019 and 2021 and upgraded insulation. A minimum of 24 hours' notice is required for all showings. As per form 244, 24 hour irrevocable on all offers. (id:67947)

Property Details

MLS® Number X13473244
Property Type Multi-family
Community Name 717 - Cornwall
Parking Space Total 6

Building

Bathroom Total 2
Bedrooms Above Ground 6
Bedrooms Total 6
Appliances Water Heater
Basement Development Unfinished
Basement Type Full (unfinished)
Cooling Type Window Air Conditioner
Exterior Finish Aluminum Siding
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 1,500 - 2,000 Sqft
Type Duplex
Utility Water Municipal Water

Parking

No Garage

Land

Acreage No
Sewer Sanitary Sewer
Size Depth 140 Ft
Size Frontage 60 Ft
Size Irregular 60 X 140 Ft
Size Total Text 60 X 140 Ft

https://www.realtor.ca/real-estate/29940925/122-new-street-cornwall-717-cornwall

Nicolas Sigounis, REALTOR®

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Nicolas SigounisREALTOR® · EXIT Realty Matrix, Brokerage

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Listing courtesy of Alan Mclaughlin-Wheeler, RE/MAX Affiliates Marquis Ltd. · Garret Munro, RE/MAX Affiliates Marquis Ltd.

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Want an introduction? Call or text Nicolas at 613-859-9331 or email Nicolas@SigounisProperties.ca. No referral fees: Nicolas is not paid for these introductions.

Before committing, ask about fees, early repayment charges, closing dates and lender conditions, and request your options and costs in writing. More contacts are in the Sigounis Properties Resource Directory.

Estimate only. This is not a rate offer or a mortgage approval. Payments use Canadian semi-annual compounding. Insurance premiums, taxes and rates can change, and legal fees, adjustments and other closing costs are not included. Confirm your numbers with your lender.