$324,900
For sale: Multiplex

Duplex with great cash flow! Generating a gross revenue of $32700.00. Main floor has 3 bedrooms and tenant is paying $1550 plus utilities (including garage space) This unit has a gas furnace. Upstairs is 2 bedrooms and is heated with electric baseboards. The tenant is paying $1175 plus utilities. The seller has maintained the building very well over the years. The duplex is close to all amenities and the St. Lawrence College. Property Tax is $2226, Insurance is $2006, Water is $1648, Hot water tank rental is $544.62
Sold data
Multiplex homes in Cornwall took a median of 44 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 78 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 45 days.
The median sale price was $399,900.
Homes sold for about 4.2% below asking on average, so there was room to negotiate.
About 10% of sales closed above the list price.
Around 27% of sellers reduced their price before finding a buyer.
Based on 78 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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