BEAUTIFULLY RENOVATED UNIQUE HISTORIC BRICK BUILDING IN DOWNTOWN LOCATION! Check out this very unique historic building which has been converted to an easy to maintain 5 Plex residential apartment building (5,272 sq.ft. as per MPAC). All renovations were completed with City of Cornwall building permits, inspections and finals approvals. This fully renovated/fully occupied property has an approximate /estimated annual net cash flow of $80,000 (before debt service, depreciation, vacancy & bad debt, management and maintenance). The capitalization rate for this investment property is calculated to be 7.1% at the listing price, based on the income and expenses provided by the seller. Each apartment is finished with hardwood flooring & beautifully updated contemporary kitchens with granite counters & stainless steel dishwasher + bathrooms. The units are spacious, with 4 two-bedroom and 1 one-bedroom with den. All suites feature a 4-piece bath, in-suite laundry, and extras like central self-controlled AC, individual decks, private paved parking, and stainless steel appliances (included). Each unit has its own services with separate meters + the tenants pay their own utilities. Seller requires SPIS signed & submitted with all offer(s) and 2 full business days irrevocable to review any/all offer(s). (id:63879)
| Business Type | Residential |
| Business Sub Type | Apartments |
| MLS® Number | X12823830 |
| Property Type | Multi-family |
| Community Name | 717 - Cornwall |
| Amenities Near By | Public Transit |
| Parking Space Total | 6 |
| Age | 100+ Years |
| Appliances | Dishwasher, Dryer, Washer |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 5,272 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
| Acreage | No |
| Land Amenities | Public Transit |
| Size Depth | 108 Ft ,11 In |
| Size Frontage | 67 Ft ,10 In |
| Size Irregular | 0.017 |
| Size Total | 0.017 Ac |
| Size Total Text | 0.017 Ac |
| Zoning Description | Central Business District |
https://www.realtor.ca/real-estate/29403395/120-122-sydney-street-cornwall-717-cornwall
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