ON > Cornwall > 717 - Cornwall
Cornwall, ON K6H 3H2,120-122 SYDNEY ST
Cornwall, ON K6H 3H2,120-122 SYDNEY ST
Cornwall, ON K6H 3H2,120-122 SYDNEY ST
Cornwall, ON K6H 3H2,120-122 SYDNEY ST
Cornwall, ON K6H 3H2,120-122 SYDNEY ST
Cornwall, ON K6H 3H2,120-122 SYDNEY ST
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Peter Torkan

Peter Torkan

+1(416) 847-5288
$ 1,150,000
Est. payment | /mo

5,272 SqFt

Save
$ 1,150,000
Est. payment | /mo
Save

5,272 SqFt

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 5,272 sqft

Price per Sqft $218

Subdivision 717 - Cornwall

MLS Listing ID X12044678

Building Age 100+

Annual Tax Amount $7,057

Tax Year 2024

Property Sub-Type Investment

Property Description

BEAUTIFULLY RENOVATED UNIQUE HISTORIC BRICK BUILDING IN DOWNTOWN LOCATION! Check out this very unique historic building which has been converted to an easy to maintain 5 Plex residential apartment building (5,272 sq.ft. as per MPAC). All renovations were completed with proper building permits, inspections and finals approvals done on all permits. This fully renovated/fully occupied property has an approximate /estimated annual net cash flow of over $72,900 and the listed price is based on an attractive capitalization rate return based on the I/E provided by the seller. Each apartment is finished with hardwood flooring & beautifully updated contemporary kitchens with granite counters & stainless steel dishwasher + bathrooms. The units are all very spacious with two bedrooms, a 4pc bath, an in-suite laundry & features such as central self-controlled AC, individual decks, private/paved on-site parking and stainless steel appliances of which are included with all leases. Each unit has its own services with separate meters + the tenants pay their own utilities. Seller requires SPIS signed & submitted with all offer(s) and 2 full business days irrevocable to review any/all offer(s).

Location

Province ON

County Stormont, Dundas And Glengarry

Community 717 - Cornwall

Area Stormont, Dundas And Glengarry

Zoning Central Business District

Interior

Cooling Yes

Inclusions 5 fridges, 5 stoves, 5 dishwashers, 5 washers, 5 dryers

Exterior

Community Features Public Transit

Utilities Available Yes

Lot Frontage 67.87

Lot Depth 108.97

Others

Security Features No

Listed by CAMERON REAL ESTATE BROKERAGE
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(416) 847-5288

peter.torkan@theagencyre.com

378 Fairlawn Ave, York, M5M, 1T8, Canada

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120-122 SYDNEY ST