401-403 WATER STREET E, Cornwall
Are you looking for a wonderful property with a great income? Look no further. This 5-plex is centrally located near the St. Lawrence and all its amenities, including the mall, bus routes, and local shops. While originally built in 1986, the property has been well-maintained with a brick exterior makeover, new roof shingles in 2020, and new sidewalks on the corner and west side. The building features two larger units on the ground floor with spacious living rooms and kitchens, plus three units on the upper level, one of which has been recently renovated. Each unit has a separate hydro meter. New tenants can be signed as rent + hydro (one upper unit is already paying their own hydro). Hot water is provided by a cost-saving, gas, on-demand system. Each unit includes its own laundry hookups, with the exception of one upper unit. There 4 parking spots at the back of the building. Schedule your showing to check out this cared-for 5 plex. "Other" expense is natural Gas $785.64/year for on demand HW. Gross yearly income is currently $53,508.00. (January 2027 will be $60,938.00 when fully rented). to be verified. 48 hour notice required for showings. SC with MLS X13765952 (id:25961)
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Details
- Transaction: For sale
- Zoning Description: RES30
Building
- Appliances: Dryer, Washer
- Cooling: None
- Fireplace Present: False
- Heating: Baseboard heaters
- Size Interior: 4195 sqft
- Type: Multi-Family
- Utility Water: Municipal water
Land
- Size Depth: 60 ft
- Size Frontage: 44 ft ,8 in
- Size Irregular: 44.72 x 60 FT
This property for sale is located at 401-403 WATER STREET E in Cornwall. It was last modified on November 9th 2026. Let us connect you with one of our real estate agents to schedule a viewing or to discover other Cornwall homes for sale.
Listing provided by ROYAL LEPAGE PERFORMANCE REALTY
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