Amazing investment opportunity: MULTI-FAMILY & STORES 7-PLEX building in a prime, up-and-coming location, mere blocks from the prestigious waterfront condo district and St. Lawrence College. Located in the Le Village district, this property may be eligible for the City of Cornwall's "Heart of the City"improvement program. This property boasts TWO lucrative COMMERCIAL units: an ALL WOMEN'S GYM- COMINGSOON and the well-established TKO NUTRITION, alongside FIVE charming residential spaces. The area's rapid development paints a promising picture for future appreciation, making this an excellent choice for savvy investors. Notably, there's untapped potential for rental escalation, allowing the possibility for enhanced returns. Seize this chance to own a piece of an evolving urban landscape, where opportunity and potential converge seamlessly.
LT 80 PL 16; PT LT 79 PL 16 AS IN S260848 EXCEPT T
Occupancy
Tenant
Possession Date
TBD
Taxes (2023)
$10,587
Tax Type
Annual
Directions/Cross Streets
Water St & Montreal Rd
Area
Stormont, Dund
Price History
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Detailed Information
Freestanding
Y
Lot
66.6 x 102 ft
Retail Area
3,000 ft2
Total Area
6,813.55 ft2
Approximate Age
31-50
Air Conditioning
Part
Chattels
N
Garage Type
Other
LLBO
N
Heat Type
Elec Forced Air
Financial Statement
Y
Gross Income/Sales
$91,320
Net Income Before Debt
$57,448
Operating Expenses
$33,872
Expenses Actual/Estimated
Est
Utilities
A
Water
Municipal
UFFI
No
Rail
N
Lot/Bldg/Unit Code
Lot
Zoning
MULTI USE
Seller Property Info Statement
Y
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