Duplex · For sale

122 New Street, Cornwall

$375,000

Listing brokerage: RE/MAX AFFILIATES MARQUIS LTD. · MLS® X13473244

Listing brokerage

RE/MAX AFFILIATES MARQUIS LTD.

Type

Duplex

Deal

For sale

Category

Residential · Multi-unit homes

Bedrooms

6

Bathrooms

2

Size

1500-2000 sq ft

Lot

60 x 140 ft

Area

717 - Cornwall

MLS® number

X13473244

Description

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.