Newly Renoed, 7+1 Bedrooms, 5 Bathrooms, 4 Kitchens and 4 separate entrances on 3 levels. Wow! With breakeven at ~$400 per room, there is immediate positive cashflow which makes this an ideal turnkey opportunity for first time property investors. The house has a flexible layout which makes it easy to combine or subdivide into multiple units with separate entrances. Don't worry about major repairs and surprises, since this house has been upgraded inside and out including security system, remote monitoring, paved driveway, waterproofing, and new decks. Unlike other properties where you are tied to legacy tenants paying way below market value, for this property, you are starting from a clean slate and can build the business as you see fit. Just bring your best tenants or move into one and have the renters pay for all your expenses. The house was rented out for $4945 per month with the owner occupying the basement level (documentation available for serious clients). A rare opportunity in a great Cornwall location with walking distance to Farm Boy, Tim Horton's, Walmart, Beer Store, Transit and much more. Not to be missed., Flooring: New carpet, Hardwood & Laminate (id:4069)
Address
126 EIGHTH STREET W
List Price
$459,000
Property Type
Multi-family
Type of Dwelling
Duplex
Area
Ontario
Sub-Area
Cornwall
Bathrooms
5
Floor Area
15,002,000 Sq. Ft.
Lot Size
34 x 164 FT Sq. Ft.
MLS® Number
X12017671
Listing Brokerage
EXSELLENCE TEAM REALTY INC.
Basement Area
N/A (Finished)
Postal Code
K6J2Z4
