320 Gleeson Avenue
Cornwall, K6J 1E3
FOR SALE
$1,195,000
➧
➧
Investment
CATEGORY10,000 Sq Ft
TOTAL AREAX12457460
MLSIDContact Us
Property Description
MOTIVATED SELLER !!! 9 PLEX FOR SALE IN THE GROWING CORNWALL RENTAL MARKET!!! NINE UNIT APARTMENT BUILDING, UPDATED AND SPACIOUS UNITS (APPROXIMATELY 1000 SQUARE FEET) IN A NICE AREA OF THE CITY. GOOD PARKING AND EXTRA INCOME FROM COIN OPERATED LAUNDRY ROOM. THE BUILDING SHOWS VERY WELL WITH LOTS OF PARKING IN FRONT OF THE BUILDING. MIN. 24 HOUR NOTICE FOR SHOWINGS.GROSS AND NET INCOME IS BASED ON FULLY OCCUPANCY Total of 8-two bedrm units plus 1-one bedrm unit. Upgrades done last 2 years:- (Full New Roof- ) Renovated Unit 2,4,6,8- Unit 6 Extensive Renovation- Unit 1 Bathroom Overhaul and full Renovation of the unit. Painting and flooring updated in some units too- Newly Painted common areas in full building- Upgraded all electric panels from fuses to break panels.In the building Sewer Lateral Replacement - Brant New.Outdoor shed Removal.Front entrance is repainted..Currently close to a 6 % cap rate with some units way below market rent levels! Tons of potential! One of the Seller is Registered Real Estate Salesperson.
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Property Details
Address
320 Gleeson Avenue
Community
City
Postal Code
K6J 1E3
Property Type
Investment, Investment
Days On Market
48
Use
Apartment
Zoning
Res 40
Lot Size
115' x 103'
Total Area
10,000 Sq Ft
Taxes
$16,714 (2025
Heat Type
Other
Water
Municipal
Garage Type
None
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Listing contracted with Exsellence Team Realty Inc.
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