$349,900
For sale: Multiplex

A great opportunity to add a well-maintained, income-producing property to your investment portfolio. This up-and-down duplex features two spacious 2-bedroom, 1-bathroom units, both of which have undergone renovations and offer comfortable, functional living spaces. Both units are currently tenanted at strong market rates, providing established rental income from day one. Recent improvements throughout the property add to its appeal, including heat pumps providing efficient heating and cooling for both units. The convenient location is another major advantage, situated just one block from St. Lawrence College and close to grocery stores, public transit, the St. Lawrence River, and other everyday amenities. Whether you're expanding an existing portfolio or looking for your next income property, this updated and ideally located duplex offers a solid investment opportunity. Main floor unit $1,800/month utilities included. Upper unit $1,650/month utilities included. Approx. annual operating expenses $10,626.29. Approx. NOI $30,773.71.
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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 45 days.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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