306 Marlborough Street N,Cornwall, ON K6H4A3
Cornwall, ON K6H4A3
Description
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. Unit 310 (3 Bed) will be vacant as of October 31ST. 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:13843)
Details
| MLS # | X13169918 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 156 |
| Listing Provided By | RE/MAX AFFILIATES MARQUIS LTD. | TAYLOR GINGRAS |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 2,000 |
| Basement | Y |
| Story(s) | 2 |
Interior
| Cooling | None |
|---|---|
| Heating | Forced air, Natural gas |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Carpet Free |
|---|---|
| Foundation Details | Concrete |
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 0 |
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 2196 |
|---|---|
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| City | Cornwall |
| Postal Code | K6H4A3 |
| Listing VS Median (in K6H4A3) | |
Price: $399,000 low | high Med: $399,000 sqft: 2,000 low | high Med: 2,000 $ / sqft: $200 low | high Med: $200 On site: 156 low | high Med: 156 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Cornwall |
| Postal Code | K6H4A3 |
| Listing VS Median (in K6H4A3) | |
Price: $399,000 low | high Med: $399,000 sqft: 2,000 low | high Med: 2,000 $ / sqft: $200 low | high Med: $200 On site: 156 low | high Med: 156 | |
