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120-122 SYDNEY ST Cornwall, ON K6H 3H2
5,272 SqFt
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 5,272 sqft
Price per Sqft $218
Subdivision 717 - Cornwall
MLS Listing ID X12044678
Building Age 100+
Annual Tax Amount $7,057
Tax Year 2024
Property Sub-Type Investment
Property Description
BEAUTIFULLY RENOVATED UNIQUE HISTORIC BRICK BUILDING IN DOWNTOWN LOCATION! Check out this very unique historic building which has been converted to an easy to maintain 5 Plex residential apartment building (5,272 sq.ft. as per MPAC). All renovations were completed with proper building permits, inspections and finals approvals done on all permits. This fully renovated/fully occupied property has an approximate /estimated annual net cash flow of over $72,900 and the listed price is based on an attractive capitalization rate return based on the I/E provided by the seller. Each apartment is finished with hardwood flooring & beautifully updated contemporary kitchens with granite counters & stainless steel dishwasher + bathrooms. The units are all very spacious with two bedrooms, a 4pc bath, an in-suite laundry & features such as central self-controlled AC, individual decks, private/paved on-site parking and stainless steel appliances of which are included with all leases. Each unit has its own services with separate meters + the tenants pay their own utilities. Seller requires SPIS signed & submitted with all offer(s) and 2 full business days irrevocable to review any/all offer(s).
Location
Province ON
County Stormont, Dundas And Glengarry
Community 717 - Cornwall
Area Stormont, Dundas And Glengarry
Zoning Central Business District
Interior
Cooling Yes
Inclusions 5 fridges, 5 stoves, 5 dishwashers, 5 washers, 5 dryers
Exterior
Community Features Public Transit
Utilities Available Yes
Lot Frontage 67.87
Lot Depth 108.97
Others
Security Features No
Listed by CAMERON REAL ESTATE BROKERAGE
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