Office 613-938-8100

Email: info@remaxmarquis.ca

616 MONTREAL ROAD
Cornwall K6H1C2

$129,900
Retail baths: 0.0

Main Photo: 616 MONTREAL ROAD in Cornwall: Retail for sale : MLS®# 1179417
Photo 1: 616 MONTREAL ROAD in Cornwall: Retail for sale : MLS®# 1179417
Photo 2: 616 MONTREAL ROAD in Cornwall: Retail for sale : MLS®# 1179417
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Status:
Active
Prop. Type:
Retail
MLS® Num:
1179417
What is your 2020 investment income strategy? This package is priced well, can generate two streams of income and offers flexible lending options for Buyers who may require creative financing. Both units are "intentionally" vacant so the new owner can screen and choose his/her own tenants. The main floor is an open layout with practical use of the unfinished basement for storage. It can accommodate a commercial tenant. The second story apartment is a one bedroom residential unit. Each unit is heated by baseboards and has its own electric meter, so the tenants can pay for their own utility. The units have historically rented for $695 + utility, each. There are 8 spaces in the rear parking lot that can be leased out for ADDITIONAL INCOME, approximately $35/mth each space. The zoning here can accommodate commercial use and multiunit appatments, making it a versatile property now or in the future. Better yet, this location may qualify for Heart of the City grant funding for renovations. (id:2493)
Property Type:
Retail
Transaction Type:
For sale
Zoning:
COM 70
Community:
LE VILLAGE
Number of bathrooms:
0.0
Half Bathrooms:
0
Fireplace:
No
Lot Frontage:
54'
Lot Depth:
69'
Acreage:
No
Lot Size:
53.97 ft X 69.04 ft (Irregular Lot)
Lot Details:
53.97 ft X 69.04 ft (Irregular Lot)
Total Parking Spaces:
8
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Listed by RE/MAX MARQUIS
Disclaimer: This listing data above is provided under copyright by The Canadian Real Estate Association (CREA). This listing data is deemed reliable but is not guaranteed accurate by myRealPage or The Canadian Real Estate Association.
This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.
Data was last updated February 19, 2020 at 05:15 PM (UTC)
Area Statistics
Listings on market:
10
Avg list price:
$392,000
Min list price:
$15
Max list price:
$2,250,000
Avg days on market:
68
Min days on market:
12
Max days on market:
160
Avg price per sq.ft.:
$33.25
These statistics are generated based on the current listing's property type and located in Cornwall. Average values are derived using median calculations.
Katie Bellsmith
The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association.