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$ 289,900
Est. payment /mo
New
121 BALDWIN AVENUE Cornwall, ON K6H4J1
4 Beds
2 Baths
1,100 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,100 sqft
Price per Sqft $263
Subdivision 717 - Cornwall
MLS® Listing ID X12689586
Bedrooms 4
Property Description
Excellent opportunity to enter the investment market with this well-maintained duplex located in a central downtown location. The property offers two self-contained units, each featuring 2 bedrooms and 1 bathroom, providing strong and consistent rental appeal. The main floor unit is heated by a newer forced-air gas furnace, while the second-floor unit is heated by an owned gas wall heater. Both tenants pay their own utilities, helping keep operating expenses low and predictable for an investor. Recent improvements include a newer rear staircase and deck serving the upper unit, and a detached garage adds additional storage or potential income opportunity. The location is a notable advantage, with commercial properties situated behind and beside the building, offering increased privacy during evenings and weekends-a rare benefit for a downtown property. Income Summary: Gross Annual Rental Income: $22,500 Net Operating Income: $14,100 per year. This property provides steady income today with future upside through rent growth, making it an ideal starter investment or a solid addition to an existing portfolio. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air, Other, Not known
Cooling None
Exterior
Parking Features Yes
View Y/N No
Total Parking Spaces 2
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Listed by RE/MAX AFFILIATES MARQUIS LTD.
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