625 MONTREAL Rd

Cornwall | 717 - Cornwall | K6H 1C3
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Ask: $879,900 $799,900

Est. Mtg $2,712 /mo
  • Days on market

    33

  • Status

    New

Listing Broker ASSIST-2-SELL AND BUYERS REALTY
Since listed: 0 views

Home details

MLS #:

X9521833

Property type:
Triplex
Style:
Taxes:
$5,200
Possession:
TBA
Lot Front:
43.12   Feet
Lot Depth:
108.94   Feet
Basement:
Finished | Full
Driveway Pkg:
0
Heat:
Electric | Baseboard

Description


625 MONTREAL Rd, , Cornwall, Ontario is a Triplex property in Cornwall and in the 717 - Cornwall community in the K6H 1C3 postal code


Attention Investors! Newly converted legal Tri-Plex being sold vacant! Pick your tenants! Set your own rents & no rent control! Fully Renovated! Solid building with original construction 2006! Walking distance to St. Lawrence College. 3 units each with 2 bedrooms, kitchen, washer & dryer, & dishwasher hook ups. Building is turn key! Roof 5+/- years! Electrical updates & plumbing updates! Conversion 2024, 3 meters, 3 hot water heaters & all units pay own utilities. Exterior freshly painted. Final stages of construction underway & will be completed prior to closing, units will be completed to same standard & material as the current completed unit. Property Taxes & Water taxes to be determine by MPAC due to conversion from Commercial to Residential. Don't miss adding this property to your portfolio. Cash flow is an estimate of current market rents. Buyer to confirm taxes & water. Estimated rental income creates a cap rate of 5.6%. 24 hours on all offers as per form 244. Seller is Broker, Flooring: Laminate, Flooring: Other (See Remarks).

Extras

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History

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List Date End Date List Price End Price Status MLS #
2024-10 2024-10 $879,900 $799,900 New X9521833

Comparables

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sold Date Address List Price sold Price DOM
2024-08 319-321-323 ALICE St, $399,000 $325,000 204
2024-08 1007 SECOND St W, $395,000 $310,000 25
2024-07 18,20,20 1/2 GLOUCESTER St N, $499,900 $492,000 8
2024-06 634 GLOUCESTER St N, $449,900 $418,500 23
2024-06 130-132-134 FIFTEENTH St W, $629,900 $600,000 63
2024-02 312-312A-312B GUY St, $299,000 $299,000 13

Statistics: TRREB Market Watch - JUNE 2023

Municipality activity All Property Types

Sale activity

Cornwall :

Average sale price
Properties sold
New Listings
Days on Market
Sale $ / List $
Year on Year Growth


Estimated running costs for 625 MONTREAL Rd

Based on available 3rd party data

$3280

Approximate costs per month

Mortgage
$2712 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$433 p/m
Maintenance
$0 p/m

Amenities:

Features:

Listing Broker ASSIST-2-SELL AND BUYERS REALTY
Data Source: TRREB

Payment calculator

$3145 monthly. In association with: TD Bank
%
  • Principal and Interest
    2712 /mo
  • Property Taxes
    $433 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Amadore Zhao, Realtor

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