303 Guy Street, Cornwall, Ontario K6H 4V3

Listed for:
$370,000
6 beds
2 baths
Listed 70 days ago
House for rent: 303 Guy Street, Cornwall, Ontario K6H 4V3

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About

Cross Streets: Walton and Guy Street. ** Directions: From 2nd Street East, head South on Guy Street and the home will be on your left hand side. Cash-flowing investment opportunity! Fully occupied and generating $50,148 in annual gross rental income, this turnkey investment property delivers immediate cash flow from closing. With six furnished rental rooms currently producing $4,179 per month, approximately $16,311 in annual operating expenses, and an estimated Net Operating Income of $33,837 per year (before owner-specific expenses), this is an outstanding opportunity for investors seeking reliable, proven returns. Designed for consistent rental demand, the property features six furnished bedrooms, two full bathrooms, spacious shared living areas, and a beautifully renovated kitchen completed in 2024. Recent improvements include a new front door and frame (2026), newer refrigerators, updated appliances, and numerous mechanical upgrades completed over recent years, making this a true turnkey investment. All six furnished rooms are currently rented, with monthly rents ranging from $665 to $717. The seller advises there has been only one month of vacancy since April 2024, demonstrating strong occupancy and consistent rental performance. Whether you're expanding your investment portfolio or purchasing your first income property, this is a rare opportunity to acquire a well-maintained, income-producing asset with immediate cash flow. (id:27476)

Property Highlights

MLS® Number
X13042138
Type
Single Family
Community Name
717 - Cornwall
Ownership Type
Freehold
Land Size
29.5 x 55 FT
Parking Space Total
2

Building

Building Type
House
Storeys
2.00
Square Footage
1500 - 2000 sqft
Bathrooms Total
2
Bedrooms Above Ground
6
Bedrooms Total
6
Exterior Finish
Vinyl siding
Fireplace Present
No
Basement Type
N/A (Unfinished)
Basement Features
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
Central air conditioning

Utilities

Water
Municipal water
Utility Sewer
Sanitary sewer

Location

Learn more about this property
Listing provided by:
RE/MAX AFFILIATES MARQUIS LTD.
MLS® number:
X13042138
Agent:
Sue Stewart
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