306 Marlborough Street N, Cornwall, Ontario K6H 4A3

Listed for:
$434,900
7 beds
3 baths
Listed 5 days ago
Triplex for rent: 306 Marlborough Street N, Cornwall, Ontario K6H 4A3

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About

Cross Streets: Aberdeen Ave. ** Directions: From Ninth St, Head South down Marlborough St, property is located on the West Side. Located in the desirable Marlborough neighbourhood, directly across from the Joe St. Denis Football Field, this 7-bedroom triplex presents a compelling opportunity for investors seeking strong income potential. The property is currently generating approximately $3,647.80 per month in rental income (approximately $43,773.60 annually) from three occupied units. Based on current operating figures, the property offers an approximate Net Operating Income of $34,354.60 and an estimated cap rate of approximately 7.9%, making it an attractive addition to an investment portfolio. Positioned in an established residential area with convenient access to schools, parks, and amenities, this income-producing property combines location, rental demand, and solid returns. 24 Hour notice required for all showings. 48 Hour irrevocable on all offers as per Form 244. (id:27476)

Property Highlights

MLS® Number
X13169918
Type
Multi-family
Community Name
717 - Cornwall
Land Size
51 x 66 FT

Building

Building Type
Triplex
Storeys
2.00
Square Footage
2000 - 2500 sqft
Bathrooms Total
3
Bedrooms Above Ground
7
Bedrooms Total
7
Exterior Finish
Vinyl siding
Fireplace Present
No
Basement Type
Full (Unfinished)
Basement Features
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
None

Utilities

Water
Municipal water
Utility Sewer
Sanitary sewer

Location

Learn more about this property
Listing provided by:
RE/MAX AFFILIATES MARQUIS LTD.
MLS® number:
X13169918
Agent:
Taylor Gingras
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