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:55534)
| MLS® Number | X13473244 |
| Property Type | Multi-family |
| Community Name | 717 - Cornwall |
| Parking Space Total | 6 |
| 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 |
| No Garage |
| 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
Contact us for more information
Alan Mclaughlin-Wheeler
Salesperson
(613) 938-8100
(613) 938-3295
Garret Munro
Salesperson
(613) 938-8100
(613) 938-3295