3004 Pitt Street, Cornwall, Ontario K6K 1A6

Listed for:
$850,000
8 beds
4 baths
Listed 4 days ago
Fourplex for rent: 3004 Pitt Street, Cornwall, Ontario K6K 1A6

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About

Cross Streets: Pitt Street and Mercier. ** Directions: From Cornwall Centre Rd head South onto Pitt Street and watch for the sign on the West side. Welcome to 3004 Pitt Street - A Prime North End Investment Opportunity.This solid brick fourplex is ideally located in Cornwall's desirable North End, close to schools, transit, and everyday amenities-an area consistently attractive to tenants. A fantastic opportunity for both seasoned and first-time investors looking to expand their portfolio with a stable, income-producing asset.The property features four spacious 2-bedroom units, each offering a 3-piece bathroom and the highly desirable convenience of in-unit laundry-an excellent tenant retention feature. Currently, three units are occupied by quality tenants, providing immediate cash flow, while one vacant unit offers flexibility for owner-occupancy or the opportunity to secure a new tenant at current market rent to maximize returns.With strong rental fundamentals, solid construction, and upside potential through rental optimization, 3004 Pitt Street represents a well-balanced investment in a proven rental location. 48-hour irrevocable required on all offers. Minimum 48-hour notice required for all showings. Current Gross income with 1 unit vacant is 55,020 and NOI-38,381. With the vacant unit projected rent at 1,800/mth projected Gross Income 76,620 and NOI- 59,981. (id:27476)

Property Highlights

MLS® Number
X12780954
Type
Multi-family
Community Name
717 - Cornwall
Land Size
100 x 104 FT
Parking Space Total
6

Building

Building Type
Fourplex
Storeys
1.00
Square Footage
2000 - 2500 sqft
Bathrooms Total
4
Bedrooms Above Ground
8
Bedrooms Total
8
Amenities
Fireplace(s), Separate Electricity Meters
Exterior Finish
Brick
Fireplace Present
Yes
Basement Type
N/A
Basement Features
Apartment in basement
Building Heating Type
Baseboard heaters
Heating Fuel
Electric
Building Cooling Type
Window air conditioner

Utilities

Water
Municipal water
Utility Sewer
Sanitary sewer

Location

Learn more about this property
Listing provided by:
RE/MAX AFFILIATES MARQUIS LTD.
MLS® number:
X12780954
Agent:
Alan Mclaughlin-wheeler
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