For Sale: 122 New Street, Cornwall, ON - REW
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$399,900
6 bd • 2 ba • 1500 - 1999 sf • Multifamily
122 New Street
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$399,900
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122 New StreetCornwall, ON, K6H 3G2

  • 6 Bed
  • 2 Bath
  • 1500 - 1999 Sqft
  • Multifamily

About this home

Welcome to 122-124 New Street! This two storey duplex features two spacious 3-bedroom units, with the desirable main-floor unit currently vacant and ready for occupancy. Conveniently located close to parks, schools, shopping, amenities, and public transit, this property offers an excellent opportunity for both investors and owner-occupants.Enjoy a large backyard and double-wide driveway, providing ample outdoor space and parking. For buyers looking to offset living expenses, the vacant main-floor unit offers the perfect opportunity to move in while generating rental income from the second unit. For investors, this allows you to find your ideal tenant at market value. With the main-floor unit vacant, the property generates an annual income of approximately $8,508. Estimated annual operating expenses are as follows:Insurance: $1,509. Water/Sewer: $1,769Property Taxes: $1,556. Recent updates include: Shingles replaced approximately 3 years ago, both furnaces installed approximately 2014, Owned hot water tanks installed approximately 2019 and 2021 and upgraded insulation. A minimum of 24 hours' notice is required for all showings. As per form 244, 24 hour irrevocable on all offers. (id:63626)
Listed by: ALAN MCLAUGHLIN-WHEELER, Salesperson, RE/MAX AFFILIATES MARQUIS LTD.

Home facts and features

Price details
List Price
$399,900
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Gross Taxes for 2025
$1,556
Home facts
Bedrooms
6
Full Bathrooms
2
Parking Spaces
6
Parking Details
No Garage
Property Type
Multifamily
Depth
140 feet
Frontage
60.0 feet
Exterior Finish
Aluminum siding
Heating Type
Forced air, Natural gas
Cooling
Window air conditioner
Basement Details
Unfinished, Full
Appliances
Water Heater
Agent details
Primary Agent
Primary Broker
RE/MAX AFFILIATES MARQUIS LTD.
Secondary Agent
GARRET MUNRO
Secondary Broker
RE/MAX AFFILIATES MARQUIS LTD.
Listing details
Days on REW
3 Days
MLS® Number
X13473244
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

Sacred Heart School
  • Catholic
  • JK - 8
St Joseph's School
  • Catholic
  • 9 - 12
É Élém C Notre-Dame
  • Catholic
  • JK - 6
St. Matthew School
  • Catholic
  • 9 - 12
Cornwall Collegiate
  • Public
  • 7 - 12
St Columban's Catholic Elementary School
  • Catholic
  • JK - 8
Eamer's Corners Public School
  • Public
  • JK - 6
Central Public School
  • Public
  • JK - 6
Immaculate Conception School
  • Catholic
  • JK - 6
Citadelle School
  • Catholic
  • 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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Call Agent
Salesperson
ALAN MCLAUGHLIN-WHEELER
Phone:
(613) 936-7044
Office:
613-938-8100
Salesperson
GARRET MUNRO
Phone:
(613) 551-5588
Office:
613-938-8100
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By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.