120-122 SYDNEY STREET, Cornwall
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 City of Cornwall building permits, inspections and finals approvals. This fully renovated/fully occupied property has an approximate /estimated annual net cash flow of $80,000 (before debt service, depreciation, vacancy & bad debt, management and maintenance). The capitalization rate for this investment property is calculated to be + 7% at the listing price, based on the income and expenses provided by the seller in the listing data. However if an investor builds in additional building expenses based on typical criteria for appraisal valuation or by mortgage lenders the Capitalization rate would be reduced to approximately 6% based on these additional expenses are built into the revised net can flow calculation for this income property (still a fair investor return for this quality of income property). Each apartment is finished with hardwood flooring & beautifully updated contemporary kitchens with granite counters & stainless steel dishwasher + bathrooms. The units are spacious, with 4 two-bedroom and 1 one-bedroom with den. All suites feature a 4-piece bath, in-suite laundry, and extras like central self-controlled AC, individual decks, private paved parking, and stainless steel appliances (included). 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). (id:25961)
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Details
- Amenities Nearby: Public Transit
- Parking Spaces: 6
- Transaction: For sale
- Zoning Description: Central Business District
Building
- Appliances: Dishwasher, Dryer, Washer
- Cooling: Fully air conditioned
- Fireplace Present: False
- Heating: Forced air
- Heating Fuel: Natural gas
- Size Interior: 5272 sqft
- Type: Multi-Family
- Utility Water: Municipal water
Land
- Amenities: Public Transit
- Size Depth: 108 ft ,11 in
- Size Frontage: 67 ft ,10 in
- Size Irregular: 0.017
- Size Total: 0.017 ac
This property for sale is located at 120-122 SYDNEY STREET in Cornwall. It was last modified on April 24th 2026. Let us connect you with one of our real estate agents to schedule a viewing or to discover other Cornwall homes for sale.
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