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$ 525,000
Est. payment /mo
New
127 Gardner AVE Cornwall, ON K6H 5H5
3 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision 717 - Cornwall
MLS Listing ID X14154482
Style 2-Storey
Bedrooms 3
Annual Tax Amount $3,935
Tax Year 2026
Property Sub-Type Triplex
Property Description
Attention Investors! An excellent opportunity to add a versatile income-generating property to your investment portfolio! Welcome to 127 Gardner Street, ideally situated just steps from local parks and the St. Lawrence River, with convenient access to St. Lawrence College and everyday amenities, making it an attractive location for tenants and students alike.This triplex, complete with an additional basement in-law suite, offers multiple income streams and excellent flexibility for both investors and owner-occupants. The spacious main-floor unit is currently vacant and was previously rented for $1,800/month, featuring one bedroom, a den, and additional living space in the bright solarium. The vacant basement in-law suite offers a comfortable one-bedroom layout and previously generated $1,400/month. Upstairs, you'll find two occupied units: a one-bedroom apartment currently rented for $824/month, and a bachelor apartment generating $800/month.Currently generating $19,488 in annual gross rental income from just two occupied units, this property offers significant potential for increased cash flow. By renting the two vacant units at their previous rental rates, the property could generate an impressive $4,824/month or $57,888 annually in gross rental income, before expenses.Additional features include one parking space per unit, three 5' x 5' tenant storage lockers, and a spacious 18' x 12' shed offering potential for additional rental income or convenient owner storage.Whether you're looking to expand your investment portfolio, capitalize on the opportunity to increase rental income, or occupy one of the vacant units while having rental income help offset your living expenses, 127 Gardner Street is an opportunity worth exploring! Minimum 24 hours' notice required for all showings. As per Form 244, all offers must contain a 24-hour irrevocable clause.
Location
Province ON
County Stormont, Dundas And Glengarry
Area Stormont, Dundas And Glengarry
Rooms
Family Room No
Basement Apartment, Finished
Kitchen 4
Separate Den/Office 1
Interior
Interior Features In-Law Suite, Water Heater Owned
Cooling Central Air
Fireplace No
Heat Source Electric
Exterior
Parking Features Private
Pool None
Roof Type Asphalt Shingle
Lot Frontage 50.0
Lot Depth 130.0
Total Parking Spaces 4
Building
Foundation Poured Concrete
Others
ParcelsYN No
Listed by RE/MAX AFFILIATES MARQUIS LTD.