502 Marlborough St
Marlborough St, Downtown Cornwall, Cornwall, ON, K6H 4A7
Quick Summary
Quick Summary
- Well-maintained side-by-side duplex with two-storey units
- One unit currently owner-occupied, other unit rented
- Rented unit pays $955 all-inclusive, owner's unit could rent for $2000
- Roof and windows replaced in 2018, hot water tanks replaced in 2017
- Ideal for investors or owner-occupiers with shared shed and paved parking
- Heated with forced air gas and gas space heater
- Potential net cash flow of almost $28,000 and cap rate of 7.7%
- Suitable for first-time homebuyers or expanding investment portfolio
Fantastic Duplex Opportunity! This well-maintained side-by-side duplex features two-storey units, each comprising 2 beds and 1 bath. One unit is currently owner-occupied and will be vacant upon possession. Heated with forced air gas, the rented side is heated with a gas space heater. Ideal for investors or owner-occupiers, the property... Show More
Fantastic Duplex Opportunity! This well-maintained side-by-side duplex features two-storey units, each comprising 2 beds and 1 bath. One unit is currently owner-occupied and will be vacant upon possession. Heated with forced air gas, the rented side is heated with a gas space heater. Ideal for investors or owner-occupiers, the property offers a shared shed behind paved parking. The tenant in one unit pays $955 all-inclusive with last month's rent on hand. The owner's unit could rent for $2000 per month + utilities, yielding a net cash flow of almost $28,000 and a cap rate of 7.7%! Roof & Windows replaced in 2018 (as per prev owner) Hot Water Tanks (2) 2017 Whether you're expanding your investment portfolio or seeking assistance with mortgage expenses as a first-time homebuyer, this duplex is a perfect choice. (id:54626)
Property Details
Parking
Lot
Build
Heating & Cooling
Utilities
Book A Private Showing
For Sale Nearby
- 1,564 Sq. Ft.
- 5
- 2
- 4
- 2
Sold Nearby
- 1,400 Sq. Ft.
- 3
- 2
- 968 Sq. Ft.
- 2
- 1
- 0 Sq. Ft.
- 3
- 1
- 1,219 Sq. Ft.
- 3
- 2
- 1,140 Sq. Ft.
- 3
- 2
- 1,336 Sq. Ft.
- 2
- 2
- 1,154 Sq. Ft.
- 4
- 1
- 1,087 Sq. Ft.
- 3
- 2
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.