306 Marlborough Street N,Cornwall, ON K6H 4A3
Cornwall, ON K6H 4A3
Description
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. Unit 310 (3 Bed) will be vacant as of October 31ST. 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.
Details
| MLS # | X13169918 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Price Change |
| Year | 0 |
| Days On Site | 162 |
| Listing Provided By | RE/MAX AFFILIATES MARQUIS LTD. | X13169918 480500 |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 3 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.08 |
Interior
| Interior Features | Carpet Free |
|---|---|
| Cooling | None |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Roof | Membrane |
|---|---|
| Foundation Details | Concrete |
| Construction Materials | Vinyl Siding |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 2196 |
|---|---|
| Tax Legal Description | PT LT 1 N/S THIRD ST PL CORNWALL AS IN S294723; T/W S294723; CORNWALL |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| County | Stormont, Dundas and Glengarry |
| City | Cornwall |
| Postal Code | K6H 4A3 |
| Area | 717 Cornwall |
| Listing VS Median (in K6H 4A3) | |
Price: $399,000 low | high Med: $0 On site: 162 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Stormont, Dundas and Glengarry |
| City | Cornwall |
| Postal Code | K6H 4A3 |
| Area | 717 Cornwall |
| Listing VS Median (in K6H 4A3) | |
Price: $399,000 low | high Med: $0 On site: 162 low | high Med: | |
