306 Marlborough Street N, Cornwall, ON K6H 4A3

$399,000
: 7
BD
: 3
BA
: 2,000
SqFt

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List Price: $399,000
Price Change: ▼ $20,900 1791588515
MLS#: X13169918
Status: ACTIVE
Type: Multifamily
SubType: Triplex
Style: 2-Storey
Bedrooms: 7
Bathrooms: 3
Living Area: 2000-2500
Province: ON
Municipality: Cornwall
Area: Stormont, Dundas and Glengarry
Neighborhood: 717 - Cornwall
Subdivision: Aberdeen Ave

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Property Description

Located in the desirable Marlborough neighbourhood, directly across from the Joe St. Denis Football Field, this 7-bedroom triplex presents a compelling opportunity for investors seeking strong income potential. The property is currently generating approximately $3,647.80 per month in rental income (approximately $43,773.60 annually) from three occupied units. Unit 310 (3 Bed) will be vacant as of October 31ST. Based on current operating figures, the property offers an approximate Net Operating Income of $34,354.60 and an estimated cap rate of approximately 7.9%, making it an attractive addition to an investment portfolio. Positioned in an established residential area with convenient access to schools, parks, and amenities, this income-producing property combines location, rental demand, and solid returns. 24 Hour notice required for all showings. 48 Hour irrevocable on all offers as per Form 244.

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Additional Information

Taxes: $2,196
Heat Type: Forced Air
Heat Source: Gas
Air Conditioning: None
Kitchens: 3
Exterior: Vinyl Siding
Garage Type: None
Pool: None