$850,000
Available - For Sale
Listing ID: X12780954
3004 Pitt Street , Cornwall, K6K 1A6, Stormont, Dundas
| Welcome to 3004 Pitt Street - A Prime North End Investment Opportunity.This solid brick fourplex is ideally located in Cornwall's desirable North End, close to schools, transit, and everyday amenities-an area consistently attractive to tenants. A fantastic opportunity for both seasoned and first-time investors looking to expand their portfolio with a stable, income-producing asset.The property features four spacious 2-bedroom units, each offering a 3-piece bathroom and the highly desirable convenience of in-unit laundry-an excellent tenant retention feature. Currently, three units are occupied by quality tenants, providing immediate cash flow, while one vacant unit offers flexibility for owner-occupancy or the opportunity to secure a new tenant at current market rent to maximize returns.With strong rental fundamentals, solid construction, and upside potential through rental optimization, 3004 Pitt Street represents a well-balanced investment in a proven rental location. 48-hour irrevocable required on all offers. Minimum 48-hour notice required for all showings. Current Gross income with 1 unit vacant is 55,020 and NOI-38,381. With the vacant unit projected rent at 1,800/mth projected Gross Income 76,620 and NOI- 59,981. |
| Price | $850,000 |
| Taxes: | $5970.00 |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 3004 Pitt Street , Cornwall, K6K 1A6, Stormont, Dundas |
| Directions/Cross Streets: | Pitt Street and Mercier |
| Rooms: | 28 |
| Bedrooms: | 8 |
| Bedrooms +: | 0 |
| Family Room: | F |
| Basement: | Apartment |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 3 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 3 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Total Area: | 0.00 |
| Property Type: | Fourplex |
| Style: | Bungalow-Raised |
| Exterior: | Brick |
| Garage Type: | None |
| Drive Parking Spaces: | 6 |
| Pool: | None |
| Approximatly Square Footage: | 2000-2500 |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | Y |
| Heat Type: | Baseboard |
| Central Air Conditioning: | Window Unit |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX AFFILIATES MARQUIS LTD. |
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|
Freda Ziba
Sales Representative
Dir:
647-997-2120
Bus:
905-764-7111
Fax:
905-764-1274
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Freehold - Fourplex |
| Area: | Stormont, Dundas and Glengarry |
| Municipality: | Cornwall |
| Neighbourhood: | 717 - Cornwall |
| Style: | Bungalow-Raised |
| Tax: | $5,970 |
| Beds: | 8 |
| Baths: | 4 |
| Fireplace: | Y |
| Pool: | None |
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