307-309 Prince Arthure Street Cornwall, Ontario K6H 4P1
$349,000
Exceptional Side-by-Side Duplex in Cornwall - Strong Cash Flow & Value-Add OpportunityAttention investors! This spacious side-by-side duplex offers an excellent opportunity to add a solid income-producing property to your portfolio while benefiting from future growth potential.Located in Cornwall, this property features two large three-bedroom units with separate hydro meters, allowing tenants to pay their own electricity and helping keep operating expenses low. The current gross rental income is $2,785 per month ($33,420 annually), providing immediate cash flow from day one.One unit presents an opportunity for cosmetic improvements, giving savvy investors the chance to increase rental income, build equity, and maximize the property's long-term value. The generous unit sizes and desirable three-bedroom layouts continue to attract strong tenant demand in today's rental market.Investment Highlights: Gross Rental Income: $2,785/month ($33,420/year) Two spacious 3-bedroom units Separate hydro meters Tenants pay their own utilities Opportunity to increase value through improvements Strong income potential with future upside Excellent addition to both new and experienced investors' portfoliosWhether you're looking to expand your rental portfolio or secure an affordable income property with room for growth, this duplex offers a combination of cash flow, equity-building potential, and long-term investment value.Don't miss this opportunity to invest in one of Cornwall's growing rental markets. (id:65396)
Property Details
| MLS® Number | X13022446 |
| Property Type | Multi-family |
| Community Name | 717 - Cornwall |
| Parking Space Total | 4 |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 3 |
| Bedrooms Below Ground | 3 |
| Bedrooms Total | 6 |
| Age | 100+ Years |
| Basement Development | Unfinished |
| Basement Type | N/a (unfinished) |
| Cooling Type | None |
| Exterior Finish | Vinyl Siding |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat |
| 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 | 90 Ft |
| Size Frontage | 50 Ft |
| Size Irregular | 50 X 90 Ft |
| Size Total Text | 50 X 90 Ft |
| Zoning Description | Res |
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