For Sale: 603 Walton Street, Cornwall, ON - REW
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$264,900
4 bd • 2 ba • 1100 - 1499 sf • Multifamily
603 Walton Street
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$264,900
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603 Walton StreetCornwall, ON, K6H 1T7

  • 4 Bed
  • 2 Bath
  • 1100 - 1499 Sqft
  • Multifamily

About this home

A great opportunity for investors or buyers looking to live in one unit while generating income from the other! This Cornwall duplex offers two 2-bedroom units, separate heating systems and plenty of flexibility. The main-floor unit has been occupied by the same tenants for approximately 14 years. They take pride in their home, maintaining a tidy unit as well as the covered front porch. In addition to the 2 bedrooms, this unit offers a recreation room in the basement plus an additional room with an egress window. Heating is provided by a forced-air natural gas furnace. The upper 2-bedroom unit is currently vacant, allowing a new owner to establish their own rent or consider owner occupancy. This unit is heated by electric baseboard and offers laundry hookups conveniently located in one of the bedrooms, along with a covered front balcony. Both units feature well-kept bathrooms with updated tub surrounds. Parking is more generous than you might expect, with room for 2 vehicles in tandem along the driveway plus space at the front where 2 vehicles can park side by side. Based on both units being rented, the property has a projected net income of approximately $19,371 annually. A versatile income property with an established main-floor tenancy and a vacant upper unit ready for its next occupant. Rent $720.00 monthly plus utilities, vacant unit $1,300.00 = Gross $24,240. Expenses. Water $1,035.12, Taxes $1,881.00, Insurance $1,955.00. Total Expenses $4,868.12 = Net Income = $19,371.86 (id:63626)
Listed by: HENRIETTA DUVALL, Broker of Record, EXIT REALTY SEAWAY

Home facts and features

Price details
List Price
$264,900
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Gross Taxes for 2025
$1,853
Home facts
Bedrooms
4
Full Bathrooms
2
Parking Spaces
2
Parking Details
No Garage
Property Type
Multifamily
Lot Size
30 ft x 75 ft (2250 ft²)
Depth
75 feet
Frontage
30.0 feet
Exterior Finish
Stucco
Heating Type
Baseboard heaters, Forced air, Electric, Natural gas
Basement Details
Partially finished,
Agent details
Primary Agent
HENRIETTA DUVALL
Primary Broker
EXIT REALTY SEAWAY
Listing details
Days on REW
3 Days
MLS® Number
X13827732
Source
Canadian Real Estate Association
Board
Cornwall & District Real Estate Board
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25 Years
Interest Rate
3.99%

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Property Insights

ÉEP L'Héritage
  • Public
  • 7 - 8
Citadelle School
  • Catholic
  • 7 - 12
Immaculate Conception School
  • Catholic
  • JK - 6
St Lawrence School
  • Public
  • 7 - 12
Bridgewood Public School
  • Public
  • JK - 6
ÉEP Rose des Vents
  • Public
  • JK - 6
St Peter's School
  • Catholic
  • JK - 6
Central Public School
  • Public
  • JK - 6
É Élém C Marie-Tanguay
  • Catholic
  • 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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Broker of Record
HENRIETTA DUVALL
Phone:
(613) 930-5372
Office:
613-937-4445
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