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717 - Cornwall, Cornwall, ON K6H 4V3
$375,000
The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The listing data is deemed reliable but is not guaranteed accurate by TRREB. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
Turnkey income opportunity with strong returns. This single-family dwelling is currently generating over $35,000 in annual cash flow, with 2024 gross income of $49,200 and expenses of $13,436.76. Ideally located near the college, the property is set up for efficient rental use with six secured bedrooms, each with individual door codes. The main level offers two bedrooms, a shared living area, a renovated kitchen, and a 4-piece bathroom. Upstairs features four additional bedrooms, another 4-piece bath, and access to a balcony. Updates include the kitchen, furnace, central air, hot water tank, windows, insulation, siding, and roof. The sale includes furnishings and household contents, allowing for a seamless transition for the next owner. 48 hours notice required for showings. Room dimensions not available - please refer to floor plans in photos. A solid opportunity for investors seeking immediate income in a high-demand rental area.