23-23A William Street
717 - Cornwall, Cornwall, K6H 1H5
FOR SALE
$289,000
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4
BEDROOMS 2
BATHROOMS 2
KITCHENS 8
ROOMS X14112946
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Property Description
WELL-MAINTAINED OWNER OCCUPIED DUPLEX duplex that has been in the same family since 1955. The main-floor owner's unit is vacant, in very nice condition, and has been extremely well maintained - first by the parents and then by their son. The main floor features two bedrooms, a 4-piece bathroom, forced-air gas heating, and a renovated kitchen. It retains most of the original trim and hardwood floors. The main-floor unit has access to portion of the basement and the main floor apt features a private front and rear porch, a private yard, and a detached heated garage workshop - a hobbyist's dream. The second-floor two-bedroom apartment is leased and requires appropriate notice for all showings. Seller requires SPIS signed & submitted with all offer(s) and 1 full business day irrevocable to review any/all offer(s) with the Estate's Lawyer.
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Property Features
Primary Bedroom - Main Floor, Auto Garage Door Remote, Private Double
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Property Details
Address
23-23A William Street
Community
City
Postal Code
K6H 1H5
Property Type
Duplex, Duplex
Zoning
Residential
Lot Size
75' x 61'
Taxes
$1,566 (2025
Basement
Full
Exterior
Porch, Porch Enclosed
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
4
Garage Type
Detached
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Listing contracted with Cameron Real Estate Brokerage
MAIN FLOOR UNIT VACANT END OF SEPTEMBER, UPPER LEVEL UNIT RENTED AT MARKET VALUE. This well maintained duplex offers two 2 bedroom units, making it an excellent opportunity for investors or owner occupiers. The main floor unit includes a partially finished basement, providing additional living space and flexibility. Rear laneway access with parking adds convenience, while efficient gas heating keeps operating costs manageable. Ideally located close to transit and everyday amenities, the property supports strong rental demand and long term investment potential. Financial information is available upon request. Please allow 24 hours' notice for all viewings.
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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
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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
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