122 NEW STREET, Cornwall

$375,000

For sale: Multiplex

Multiplex at 122 NEW STREET, Cornwall
Property type
Duplex
Bedrooms / bathrooms
6 bedrooms, 2 bathrooms
Living area
2,000 sqft
MLS®
MLS® X13473244
Neighbourhood
717 - Cornwall

Welcome to 122-124 New Street! This two storey duplex features two spacious 3-bedroom units, with the desirable main-floor unit currently vacant and ready for occupancy. Conveniently located close to parks, schools, shopping, amenities, and public transit, this property offers an excellent opportunity for both investors and owner-occupants.Enjoy a large backyard and double-wide driveway, providing ample outdoor space and parking. For buyers looking to offset living expenses, the vacant main-floor unit offers the perfect opportunity to move in while generating rental income from the second unit. For investors, this allows you to find your ideal tenant at market value. With the main-floor unit vacant, the property generates an annual income of approximately $8,508. Estimated annual operating expenses are as follows:Insurance: $1,509. Water/Sewer: $1,769Property Taxes: $1,556. Recent updates include: Shingles replaced approximately 3 years ago, both furnaces installed approximately 2014, Owned hot water tanks installed approximately 2019 and 2021 and upgraded insulation. A minimum of 24 hours' notice is required for all showings. As per form 244, 24 hour irrevocable on all offers.

Sold data

Multiplex homes in Cornwall — recent sold market

Multiplex homes in Cornwall took a median of 45 days to sell over the last 365 days, with the quickest quarter selling within 20 days and the slowest quarter taking more than 76, across 77 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 46 days.

The median sale price was $399,900.

Homes sold for about 4.1% below asking on average, so there was room to negotiate.

About 10% of sales closed above the list price.

Around 29% of sellers reduced their price before finding a buyer.

Median days to sell
45
Median sale price
$399,900
Sale-to-list ratio
95.9%
Sold above asking
10%

Based on 77 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

Schools in Cornwall

Cornwall has 18 Fraser Institute–rated schools (11 elementary and 7 secondary), averaging 4.4/10.

Rated schools
18
Elementary
11
Secondary
7
Average rating
4.4 / 10

Top-rated schools in Cornwall

  • St Anne's — elementaryFraser rating 6.9/10
  • Rose des Vents — elementaryFraser rating 6.7/10
  • St. Joseph's — secondaryFraser rating 6.1/10
  • Marie-Tanguay — elementaryFraser rating 5.6/10
  • Notre-Dame — elementaryFraser rating 5.3/10
  • St Peter's — elementaryFraser rating 5.3/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 122 NEW STREET