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$ 240,000
Est. payment /mo
New
505 Cumberland ST Cornwall, ON K6J 4J3
4 Beds
2 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision 717 - Cornwall
MLS Listing ID X13105350
Style 2-Storey
Bedrooms 4
Annual Tax Amount $2,120
Tax Year 2026
Property Sub-Type Duplex
Property Description
If you're an investor - or aspiring to become one - then you already know the power of the BRRRR strategy: Buy, rehab, rent, refinance, repeat. This soon to be vacant duplex is the perfect opportunity. Add value through renovations, rent the units at market value, refinance, and repeat the process all over again. Located in a high-demand rental area close to everyday amenities, this property features two 2-bedroom units, and has the potential to achieve approximately a 9%+ cap rate ! Don't miss out, book your viewing today or give us a call for more information.
Location
Province ON
County Stormont, Dundas And Glengarry
Area Stormont, Dundas And Glengarry
Rooms
Family Room No
Basement Unfinished
Kitchen 2
Interior
Interior Features None
Cooling None
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 30.0
Lot Depth 80.0
Total Parking Spaces 2
Building
Foundation Concrete
Others
ParcelsYN No
Virtual Tour https://listings.insideoutmedia.ca/videos/019e0aa0-0e12-73dc-b83e-5e11a161a4c4
Listed by RE/MAX AFFILIATES MARQUIS LTD.