$1,285,900
Available - For Sale
Listing ID: X12340649
320 Gleeson Aven North , Cornwall, K6J 1E3, Stormont, Dundas
| AN EXCEPTIONAL INVESTMENT OPPORTUNITY IN THE GROWING CORNWALL RENTAL MARKET!!! NINE UNIT APARTMENT BUILDING, UPDATED AND SPACIOUS UNITS (APPROXIMATELY 1000 SQUARE FEET) IN A NICE AREA OF THE CITY. GOOD PARKING AND EXTRA INCOME FROM COIN OPERATED LAUNDRY ROOM. THE BUILDING SHOWS VERY WELL WITH LOTS OF PARKING IN FRONT OF THE BUILDING. MINIMUM 24 HOUR NOTICE FOR SHOWINGS.GROSS AND NET INCOME IS BASED ON FULLY OCCUPANCY Total of 8-two bedroom units plus 1-one bedroom unit. Upgrades done last 2 years:- Full New Roof- Renovated Unit 2,4,6,8- Unit 6 Extensive Renovation- Unit 1 Bathroom Overhaul and full Renovation of the unit currently being done. Painting and flooring updated in some units too- Newly Painted common areas in full building- Upgraded all electric panels from fuses to break panels - Building Sewer Lateral Replacement - Brant New.Outdoor shed Removal.Front entrance is being repainted.Potential to generate higher NOI with some units way below market rent levels! One of the Seller is Registered Real Estate Salesperson.The Seller will consider VTB/Second mortgage for qualified Buyers. |
| Price | $1,285,900 |
| Taxes: | $16714.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 320 Gleeson Aven North , Cornwall, K6J 1E3, Stormont, Dundas |
| Postal Code: | K6J 1E3 |
| Province/State: | Stormont, Dundas |
| Legal Description: | PT LT 26 N/S FIRST ST, 27 N/S FIRST ST P |
| Directions/Cross Streets: | Gleeson |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 0 | |
| Washroom Type 17 | 0 | |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 | |
| Washroom Type 21 | 0 | |
| Washroom Type 22 | 0 | |
| Washroom Type 23 | 0 | |
| Washroom Type 24 | 0 | |
| Washroom Type 25 | 0 | |
| Washroom Type 26 | 0 | |
| Washroom Type 27 | 0 | |
| Washroom Type 28 | 0 | |
| Washroom Type 29 | 0 | |
| Washroom Type 30 | 0 |
| Category: | Apartment |
| Building Percentage: | T |
| Total Area: | 0.09 |
| Total Area Code: | Acres |
| Management Expense: | 4320 |
| Water Expense: | $6310 |
| Net Income Before Debt: | $65329 |
| Expenses Actual/Estimated: | $Est |
| Washrooms: | 0 |
| Heat Type: | Other |
| Central Air Conditioning: | No |
$
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| EXSELLENCE TEAM REALTY INC. |
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At a Glance:
| Type: | Com - Investment |
| Area: | Stormont, Dundas and Glengarry |
| Municipality: | Cornwall |
| Neighbourhood: | 717 - Cornwall |
| Tax: | $16,714 |
| Fireplace: | N |
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