307-309 PRINCE ARTHURE STREET, Cornwall

$335,000

For sale: Multiplex

Multiplex at 307-309 PRINCE ARTHURE STREET, Cornwall
Property type
Duplex
Bedrooms / bathrooms
6 bedrooms, 2 bathrooms
Living area
2,000 sqft
MLS®
MLS® X13676002
Neighbourhood
717 - Cornwall

Investment Opportunity - 307-309 Prince Arthur Street, CornwallAttention investors! This side-by-side duplex at 307-309 Prince Arthur Street in Cornwall offers a strong opportunity to add a solid income-producing property to your portfolio.The property features two spacious 3-bedroom units, providing an attractive layout for families and long-term tenants. Combined rental income is currently $2,800 per month, representing a gross annual rental income of $33,600.A major advantage for investors is that each tenant pays their own utilities, helping to keep the owner's operating expenses predictable. Municipal property taxes are approximately $2,311 per year, while water costs are approximately $1,200 per year.With affordable annual operating costs and steady rental income, this duplex offers an appealing combination of cash-flow potential and long-term investment value. The side-by-side configuration also provides tenants with more privacy than a traditional upper/lower duplex, which can help make the property attractive to families looking for a comfortable 3-bedroom rental.Located in Cornwall, the property benefits from access to local shopping, schools, services, employment and everyday amenities.Whether you're looking to expand an existing real estate portfolio or purchase your first income property, 307-309 Prince Arthur Street offers an excellent opportunity to own a two-unit residential investment with tenants contributing toward their own operating costs.Gross Rental Income: $33,600/year | Two 3-Bedroom Units | Tenants Pay Their Own Utilities | Municipal Taxes: Approx. $2,311/year | Water: Approx. $1,200/yearA great opportunity for investors looking for an affordable duplex with established rental income in Cornwall.

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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 46 days.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 307-309 PRINCE ARTHURE STREET