625 MONTREAL RD Active Save Request In-Person Tour Request Virtual Tour
Cornwall,ON K6H 1C3
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID X9521833
Style Unknown
Annual Tax Amount $5,200
Tax Year 2014
Property Description
Attention Investors! Newly converted legal Tri-Plex being sold vacant! Pick your tenants! Set your own rents & no rent control! Fully Renovated! Solid building with original construction 2006! Walking distance to St. Lawrence College. 3 units each with 2 bedrooms, kitchen, washer & dryer, & dishwasher hook ups. Building is turn key! Roof 5+/- years! Electrical updates & plumbing updates! Conversion 2024, 3 meters, 3 hot water heaters & all units pay own utilities. Exterior freshly painted. Final stages of construction underway & will be completed prior to closing, units will be completed to same standard & material as the current completed unit. Property Taxes & Water taxes to be determine by MPAC due to conversion from Commercial to Residential. Don't miss adding this property to your portfolio. Cash flow is an estimate of current market rents. Buyer to confirm taxes & water. Estimated rental income creates a cap rate of 5.6%. 24 hours on all offers as per form 244. Seller is Broker, Flooring: Laminate, Flooring: Other (See Remarks)
Location
State ON
County Stormont, Dundas And Glengarry
Area 717 - Cornwall
Rooms
Family Room No
Basement Full,Finished
Interior
Interior Features Unknown
Cooling None
Heat Source Electric
Exterior
Garage Unknown
Pool None
Roof Type Unknown
Parking Type Other
Total Parking Spaces 4
Building
Story 2
Others
Security Features Unknown
Pets Description Unknown