$294,900
For sale: Multiplex

Looking to expand your investment portfolio with a well-maintained, income-generating property in a desirable North End location? This ground-level side-by-side duplex offers two equally sized 1-bedroom units, both occupied by excellent long-term tenants. A welcoming front entrance opens into a shared foyer featuring two generous storage rooms, with a private entrance to each unit. Inside, both apartments offer a spacious kitchen with a combined dining area, a large living room with direct access to separate private backyard spaces, a generously sized bedroom complete with a large walk-in closet, a 3-piece bathroom, and the convenience of in-suite laundry.Situated on a large lot set back from the road, this property provides a spacious parking area with room for multiple vehicles while offering added privacy and minimal traffic noise. Located in a quiet, established North End neighbourhood close to Walmart, public transit, shopping, and everyday amenities, this is an excellent opportunity for investors seeking a well-maintained property with quality long-term tenants already in place.Tenants pay hydro and gas. Tenants pay $153.97 per unit every second month for Water/Sewer.Tenant Rents: 1211B pays $740/month and unit 1211A pays $660/month. 24 hour irrevocable all offers. 24 hour minimum notice required for all showings.
Sold data
Multiplex homes in Cornwall took a median of 42 days to sell over the last 365 days, with the quickest quarter selling within 22 days and the slowest quarter taking more than 80, across 72 recorded sales.
The median sale price was $398,650.
Homes sold for about 4.0% below asking on average, so there was room to negotiate.
About 11% of sales closed above the list price.
Around 31% of sellers reduced their price before finding a buyer.
Based on 72 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Cornwall has 18 Fraser Institute–rated schools (11 elementary and 7 secondary), averaging 4.4/10.
School ratings from the Fraser Institute's Ontario school report cards.
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