Office 613-938-8100

Email: info@remaxmarquis.ca

Multi Family

616 MONTREAL ROAD
Cornwall K6H1C2

$129,900
Multi-family baths: 0.0

Main Photo: 616 MONTREAL ROAD in Cornwall: Multi-family for sale : MLS®# 1177597
Photo 1: 616 MONTREAL ROAD in Cornwall: Multi-family for sale : MLS®# 1177597
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Status:
Active
Prop. Type:
Multi-family
MLS® Num:
1177597
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 a bachelor style / open layout with practical use of the unfinished basement for storage. The second story apartment is a one bedroom 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 as well, 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:
Multi-family
Transaction Type:
For sale
Lease Type:
Other, See Remarks
Zoning:
COM 70
Community:
LE VILLAGE
Amenities:
Public Transit, Water Nearby
Building Type:
Duplex
Number of bathrooms:
0.0
Half Bathrooms:
0
Communication Type:
Internet Access
Cooling:
None
Exterior Finish:
Siding
Fireplace:
No
Floor finish:
Laminate
Foundation:
Poured Concrete
Heating:
Baseboard heaters
Heating Fuel:
Electric
# Storeys:
2.0
Water:
Municipal water
Sewer:
Municipal sewage system
Basement:
Full (Unfinished)
Basement Development:
Unfinished
Land Amenities:
Public Transit, Water Nearby
Easement:
Unknown
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:
10
Parking Type:
Surfaced
Road Surface:
Paved road
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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 06:45 PM (UTC)
Area Statistics
Listings on market:
15
Avg list price:
$260,000
Min list price:
$99,900
Max list price:
$699,000
Avg days on market:
64
Min days on market:
2
Max days on market:
287
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.