ONE UNIT VACANT Great Opportunity !


Property

Website:https://www.nestseekers.com/5617875
Address:
Cornwall K6H 0H9
Canada
Ownership: For Sale
Type: Duplex
Bedrooms: 4 BR
Bathrooms: 2

Financials

Price:C619,000
($438,500)
(€385,400)
Annual Taxes:C5,272

Description

ONE UNIT VACANT - Great Opportunity! 2459 Watson Crescent is a well maintained and purpose-built duplex with one vacant unit (lower unit) perfect for owner occupant! Both units are 2 bedroom, 1 bathroom, and feature very functional layouts. This property is perfect for an investor looking for a solid appreciating investment or an owner-occupant looking to offset costs with a tenant in the other unit. Current rent for the upper/main unit is $1,837.80 + Utilities while the lower vacant unit has a market rent of $1,950.00 + Utilities. If lower unit was rented the Gross Income would be: $45,453.60, Operating Expenses would be: $10,359.00, and Net Operating Income would be: $35,094.60. The upper unit has a potential rent of $2,100+Utilities or more which would bring the Net Income up further to $38,241. Cornwall's Eastridge development is just a short walk from the St Lawrence River, the bike path, and Grey's Creek. Enjoy a family oriented neighbourhood thats just a short drive from all the amenities that Cornwall has to offer. Both units in this property feature 2 bedrooms, 1 bathroom, and their own laundry room. Separate gas and hydro meters. While the main floor unit features an attached garage, quartz countertops, and a rear deck, the lower unit utilizes the carport and has large bright windows and a spacious storage area. 24-hour notice for showings required. As per Form 244 minimum 24 hour irrevocable required on all offers.

Amenities

  • Storage
  • Water Meter

Contact

Angelo Ferlisi
9 Queen Street Unit 7, Cookstown, Ontario