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134 MONTREAL ROAD
Le |Village Cornwall K6H1B3

$699,000
Multi-family baths: 0.0 built: 1980

Main Photo: 134 MONTREAL ROAD in Cornwall: Multi-family for sale : MLS®# 1214795
Photo 1: 134 MONTREAL ROAD in Cornwall: Multi-family for sale : MLS®# 1214795
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Photo 17: 134 MONTREAL ROAD in Cornwall: Multi-family for sale : MLS®# 1214795
Status:
Active
Prop. Type:
Multi-family
MLS® Num:
1214795
Year Built:
1980
This residential conversion is a unique opportunity for the real estate investor. 4 of the 6 units will be brand-new, fully permitted to-code, with modern white cabinetry, ambulatory bathrooms and durable vinyl plank flooring. The 2 existing 2nd story apartments are older but upscale and currently rent for $900/mth + utility each. One of them has a balcony and both will have newly installed windows. These two share a laundry room with coin operated machines, for additional income. The new units, 2 on the main floor and 2 in the basement, are projected to rent for $1,000/mth plus utility each. The new dwelling units will have in-suite laundry hook-ups. The entire flat roof-line has been professionally replaced with EPDM (2020). With a monthly rental income of $5,800, this investment will pay for itself and cash-flow monthly. Better yet it is practically fully renovated, so there won't be the maintenance or rehab costs required in most of the multi-unit inventory found locally. (id:2493)
Property Type:
Multi-family
Transaction Type:
For sale
Zoning:
COMM 70
Ownership Type:
Freehold
Property Management Company:
n/a -
Community:
Le |Village
Number of bathrooms:
0.0
Half Bathrooms:
0
Age:
40 years
Exterior Finish:
Brick, Siding
Fireplace:
No
Foundation:
Poured Concrete
Heating:
Baseboard heaters
Heating Fuel:
Electric
# Storeys:
2.0
Water:
Municipal water
Sewer:
Municipal sewage system
Lot Frontage:
39'
Lot Depth:
150'
Acreage:
No
Lot Size:
39.17 ft X 150.82 ft (Irregular Lot)
Lot Details:
39.17 ft X 150.82 ft (Irregular Lot)
Total Parking Spaces:
6
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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 October 19, 2020 at 12:45 PM (UTC)
Area Statistics
Listings on market:
24
Avg list price:
$269,450
Min list price:
$169,900
Max list price:
$2,700,000
Avg days on market:
41
Min days on market:
6
Max days on market:
137
Avg price per sq.ft.:
$133.48
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.