For Sale: 120-122 Sydney Street, Cornwall, ON - REW
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$1,175,000
0 bd • ba • 5272 sf • Multifamily
120-122 Sydney Street
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$1,175,000
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120-122 Sydney StreetCornwall, ON, K6H 3H2

  • 0 Bed
  • Bath
  • 5272 Sqft
  • Multifamily

About this home

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 City of Cornwall building permits, inspections and finals approvals. This fully renovated/fully occupied property has an approximate /estimated annual net cash flow of $80,000 (before debt service, depreciation, vacancy & bad debt, management and maintenance). The capitalization rate for this investment property is calculated to be + 7% at the listing price, based on the income and expenses provided by the seller in the listing data. However if an investor builds in additional building expenses based on typical criteria for appraisal valuation or by mortgage lenders the Capitalization rate would be reduced to approximately 6% based on these additional expenses are built into the revised net can flow calculation for this income property (still a fair investor return for this quality of income property). Each apartment is finished with hardwood flooring & beautifully updated contemporary kitchens with granite counters & stainless steel dishwasher + bathrooms. The units are spacious, with 4 two-bedroom and 1 one-bedroom with den. All suites feature a 4-piece bath, in-suite laundry, and extras like central self-controlled AC, individual decks, private paved parking, and stainless steel appliances (included). 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). (id:63626)
Listed by: JOHN A.(SANDY) CAMERON, Salesperson, CAMERON REAL ESTATE BROKERAGE

Home facts and features

Price details
List Price
$1,175,000
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Gross Taxes for 2026
$7,316
Home facts
Bedrooms
0
Full Bathrooms
Parking Spaces
6
Property Type
Multifamily
Lot Size
67 ft x 0 ft (740 ft²)
Depth
Frontage
67.1 feet
Heating Type
Forced air, Natural gas
Cooling
Fully air conditioned
Appliances
Dishwasher, Dryer, Washer
Agent details
Primary Agent
Primary Broker
CAMERON REAL ESTATE BROKERAGE
Listing details
Days on REW
100 Days
Property Views
18
MLS® Number
X12823830
Source
Canadian Real Estate Association
Board
Cornwall & District Real Estate Board
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25 Years
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3.99%

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Property Insights

Central Public School
  • Public
  • JK - 6
St Columban's Catholic Elementary School
  • Catholic
  • JK - 8
Cornwall Collegiate
  • Public
  • 7 - 12
Immaculate Conception School
  • Catholic
  • JK - 6
Citadelle School
  • Catholic
  • 7 - 12
St. Matthew School
  • Catholic
  • 9 - 12
ÉEP L'Héritage
  • Public
  • 7 - 8
Bridgewood Public School
  • Public
  • JK - 6
Sacred Heart School
  • Catholic
  • JK - 8
St Lawrence School
  • Public
  • 7 - 12
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Listing data is subject to copyright, disclaimer, and additional requirements from the data provider. See our Terms of Use for terms applicable to this listing. Listing data was last updated on 2026-06-06.
Call Agent
Salesperson
JOHN A.(SANDY) CAMERON
Office:
613-933-3283
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