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:61445)
| MLS® Number | X13169918 |
| Property Type | Multi-family |
| Community Name | 717 - Cornwall |
| Features | Carpet Free |
| BathroomTotal | 3 |
| BedroomsAboveGround | 7 |
| BedroomsTotal | 7 |
| BasementDevelopment | Unfinished |
| BasementType | Full (unfinished) |
| CoolingType | None |
| ExteriorFinish | Vinyl Siding |
| FoundationType | Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 2000 - 2500 Sqft |
| Type | Triplex |
| UtilityWater | Municipal Water |
| No Garage |
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 66 Ft |
| SizeFrontage | 51 Ft |
| SizeIrregular | 51 X 66 Ft |
| SizeTotalText | 51 X 66 Ft |
https://www.realtor.ca/real-estate/29800062/306-marlborough-street-n-cornwall-717-cornwall
Contact us for more information
Taylor Gingras
Salesperson