307-309 Prince Arthure Street
717 - Cornwall, Cornwall, K6H 4P1
FOR SALE
$335,000
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3 + 3
BEDROOMS 2
BATHROOMS 1 + 1
KITCHENS 6 + 6
ROOMS X13676002
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Property Description
Investment Opportunity - 307-309 Prince Arthur Street, CornwallAttention investors! This side-by-side duplex at 307-309 Prince Arthur Street in Cornwall offers a strong opportunity to add a solid income-producing property to your portfolio.The property features two spacious 3-bedroom units, providing an attractive layout for families and long-term tenants. Combined rental income is currently $2,800 per month, representing a gross annual rental income of $33,600.A major advantage for investors is that each tenant pays their own utilities, helping to keep the owner's operating expenses predictable. Municipal property taxes are approximately $2,311 per year, while water costs are approximately $1,200 per year.With affordable annual operating costs and steady rental income, this duplex offers an appealing combination of cash-flow potential and long-term investment value. The side-by-side configuration also provides tenants with more privacy than a traditional upper/lower duplex, which can help make the property attractive to families looking for a comfortable 3-bedroom rental.Located in Cornwall, the property benefits from access to local shopping, schools, services, employment and everyday amenities.Whether you're looking to expand an existing real estate portfolio or purchase your first income property, 307-309 Prince Arthur Street offers an excellent opportunity to own a two-unit residential investment with tenants contributing toward their own operating costs.Gross Rental Income: $33,600/year | Two 3-Bedroom Units | Tenants Pay Their Own Utilities | Municipal Taxes: Approx. $2,311/year | Water: Approx. $1,200/yearA great opportunity for investors looking for an affordable duplex with established rental income in Cornwall.
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Property Features
Brick & Beam
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Property Details
Address
307-309 Prince Arthure Street
Community
City
Postal Code
K6H 4P1
Property Type
Duplex, Duplex
Zoning
RES
Lot Size
50' x 90'
Taxes
$2,311 (2025
Basement
Unfinished
Heat Type
Radiant
Heat Source
Gas
Water
Municipal
Parking Spaces
4
Garage Type
None
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Listing contracted with Royal Lepage Performance Realty
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 $30,300, 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.
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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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