120-120A Guy Street

Welcome to 412 McConnell Ave, a cash flow positive investment, situated on a generous 130 ft deep lot. Offering two existing tenanted units with a combined annual rental income of $28,634.76, this property provides an established income stream for its next owner, with one of the units subsidized by Cornwall Housing. Conveniently located close to Cornwall Community Hospital, schools, parks, grocery stores & everyday shopping, with Cornwall Transit service nearby for easy access throughout the city.

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

Excellent investment opportunity, close to all amenities and the college. Each unit 2 bedrooms and in-unit laundry, roof 2018. Main floor vacant so pick your tenant and set the rent. Good upper unit tenant