306 Marlborough Street N Cornwall, Ontario K6H 4A3

7 Bedroom 3 Bathroom 2,000 - 2,500 sqft
None Forced Air

$434,900

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 $3,650 per month in rental income (approximately $43,700 annually) from three occupied units. Based on current operating figures, the property offers an approximate Net Operating Income of $34,000 and an estimated cap rate of 7.8%, 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. (id:47351)

Property Details

MLS® Number X13169918
Property Type Multi-family
Community Name 717 - Cornwall
Features Carpet Free

Building

Bathroom Total 3
Bedrooms Above Ground 7
Bedrooms Total 7
Basement Development Unfinished
Basement Type Full (unfinished)
Cooling Type None
Exterior Finish Vinyl Siding
Foundation Type Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 2,000 - 2,500 Sqft
Type Triplex
Utility Water Municipal Water

Parking

No Garage

Land

Acreage No
Sewer Sanitary Sewer
Size Depth 66 Ft
Size Frontage 51 Ft
Size Irregular 51 X 66 Ft
Size Total Text 51 X 66 Ft

https://www.realtor.ca/real-estate/29800062/306-marlborough-street-n-cornwall-717-cornwall