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306 MARLBOROUGH STREET N

$419,900

306 MARLBOROUGH STREET N, Cornwall, Ontario, K6H 4A3

MLS® # X13169918

Cornwall ON, K6H 4A3

MLS® # X13169918

Property Information:

Located in the desirable Marlborough neighbourhood, directly across from the Joe St. Denis Football Field, this 7-bedroom triplex presents a compelling opportunity for investors seeking strong income potential. The property is currently generating approximately $3,647.80 per month in rental income (approximately $43,773.60 annually) from three occupied units. Based on current operating figures, the property offers an approximate Net Operating Income of $34,354.60 and an estimated cap rate of approximately 7.9%, making it an attractive addition to an investment portfolio. Positioned in an established residential area with convenient access to schools, parks, and amenities, this income-producing property combines location, rental demand, and solid returns. 24 Hour notice required for all showings. 48 Hour irrevocable on all offers as per Form 244. (id:27)

Building Features:

Style: Multiplex
Building Type: Triplex
Basement Development: Unfinished
Basement Type: Full
Exterior Finish: Vinyl siding
Floor Space: 2000 - 2500 sqft
Foundation Type: Concrete
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: None

Property Features:

Property Type: Multi-family
Bedrooms: 7
Bathrooms: 3
Features: Carpet Free
Floor Space (approx): 2000 - 2500 Square Feet
Irregular: Yes
Lot Depth: 66 Feet
Lot Frontage: 51 Feet
Lot Size: 51 x 66 FT
Sewer: Sanitary sewer
Parking Type: No Garage

Courtesy of: RE/MAX AFFILIATES MARQUIS LTD.

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⚠ Potential Investment Performance

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Market Price Trends

Location of 306 MARLBOROUGH STREET N, Cornwall, Ontario, K6H 4A3

Lifestyle
Neighbourhood

Demographic Information of 306 MARLBOROUGH STREET N, Cornwall, Ontario, K6H 4A3

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$88,038.86

Average Number of Children

1.74

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

23.21 %

High school certificate or equivalent

38.78 %

Apprenticeship trade certificate/diploma

6.43 %

College/non-university certificate

24.66 %

University certificate (below bachelor)

0.21 %

University Degree

6.71 %

Commuter

Travel To Work

By Car

82.13 %

By Public Transit

1.94 %

By Walking

7.0 %

By Bicycle

0.63 %

By Other Methods

8.3 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

43.79 %

Houses

56.21 %

Own Vs. Rent