127 GARDNER AVENUE, Cornwall
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. (id:25961)
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Details
- Features: In-Law Suite
- Parking Spaces: 4
- Transaction: For sale
Building
- Appliances: Water Heater
- BasementType: N/A, N/A (Finished)
- Basement Development: Finished
- Basement Features: Apartment in basement
- Bedrooms Main Level: 3
- Bedrooms Lower Level: 1
- Cooling: Central air conditioning
- Exterior Finish: Stone, Aluminum siding
- Fireplace Present: False
- Foundation: Poured Concrete
- Bathrooms (Total): 4
- Heating: Baseboard heaters, Forced air
- Heating Fuel: Electric, Natural gas
- Size Interior: 2000 - 2500 sqft
- Stories Total: 2
- Type: Triplex
- Utility Water: Municipal water
Land
- Sewer: Sanitary sewer
- Size Depth: 130 ft
- Size Frontage: 50 ft
- Size Irregular: 50 x 130 FT
This property for sale is located at 127 GARDNER AVENUE in Cornwall. It was last modified on November 5th 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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