For Sale: 127 Gardner Avenue, Cornwall, ON - REW
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$525,000
3 + 1 bd • 4 ba • 2000 - 2499 sf • Multifamily
127 Gardner Avenue
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$525,000
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127 Gardner AvenueCornwall, ON, K6H 5H5

  • 3 + 1 Bed
  • 4 Bath
  • 2000 - 2499 Sqft
  • Multifamily

About this home

Attention Investors! An excellent opportunity to add a versatile income-generating property to your investment portfolio! Welcome to 127 Gardner Street, ideally situated just steps from local parks and the St. Lawrence River, with convenient access to St. Lawrence College and everyday amenities, making it an attractive location for tenants and students alike.This triplex, complete with an additional basement in-law suite, offers multiple income streams and excellent flexibility for both investors and owner-occupants. The spacious main-floor unit is currently vacant and was previously rented for $1,800/month, featuring one bedroom, a den, and additional living space in the bright solarium. The vacant basement in-law suite offers a comfortable one-bedroom layout and previously generated $1,400/month. Upstairs, you'll find two occupied units: a one-bedroom apartment currently rented for $824/month, and a bachelor apartment generating $800/month.Currently generating $19,488 in annual gross rental income from just two occupied units, this property offers significant potential for increased cash flow. By renting the two vacant units at their previous rental rates, the property could generate an impressive $4,824/month or $57,888 annually in gross rental income, before expenses.Additional features include one parking space per unit, three 5' x 5' tenant storage lockers, and a spacious 18' x 12' shed offering potential for additional rental income or convenient owner storage.Whether you're looking to expand your investment portfolio, capitalize on the opportunity to increase rental income, or occupy one of the vacant units while having rental income help offset your living expenses, 127 Gardner Street is an opportunity worth exploring! Minimum 24 hours' notice required for all showings. As per Form 244, all offers must contain a 24-hour irrevocable clause. (id:63626)
Listed by: ALAN MCLAUGHLIN-WHEELER, Salesperson, RE/MAX AFFILIATES MARQUIS LTD.

Home facts and features

Price details
List Price
$525,000
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Gross Taxes for 2025
$3,935
Home facts
Bedrooms
3 + 1
Full Bathrooms
4
Parking Spaces
4
Parking Details
No Garage
Property Type
Multifamily
Lot Size
50 ft x 130 ft (6500 ft²)
Depth
130 feet
Frontage
50.0 feet
Exterior Finish
Stone, Aluminum siding
Heating Type
Baseboard heaters, Forced air, Electric, Natural gas
Cooling
Central air conditioning
Basement Details
Finished, Apartment in basement, ,
Features
In-Law Suite
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
1 Day
MLS® Number
X14154482
Source
Canadian Real Estate Association
Board
Cornwall & District Real Estate Board
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Property Insights

St Lawrence School
  • Public
  • 7 - 12
ÉEP L'Héritage
  • Public
  • 7 - 8
ÉEP Rose des Vents
  • Public
  • JK - 6
St Peter's School
  • Catholic
  • JK - 6
Bridgewood Public School
  • Public
  • JK - 6
É Élém C Marie-Tanguay
  • Catholic
  • JK - 6
Citadelle School
  • Catholic
  • 7 - 12
Immaculate Conception School
  • Catholic
  • JK - 6
Central Public School
  • Public
  • JK - 6
St. Matthew School
  • Catholic
  • 9 - 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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