1007 SECOND Street, Cornwall, ON
Property Highlights
Welcome to this remarkable triplex located in the coveted neighborhood of 717 - Cornwall. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $395,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 46.93 x 134.82 ft lot size
- Features a full, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient other configuration
- Efficient water heating via gas
Description
Flooring: Hardwood, Are you looking to expand your rental portfolio, or are you looking to live in the Riverdale area but have tenants help pay your mortgage? This triplex offers a large 3 bedroom main floor unit, with basement area for storage and laundry. (This unit is currently vacant and rent was set at $1900 per month. Buyer can set at a higher rate) The two upstairs units are 1 bedroom, 1 bathroom units. Both currently rented on a month to month basis. Call today to book a showing. 24hrs required for all showings. As per form 244, 48hrs irrevocability on all offers. Realtor is related to the seller., Flooring: Mixed
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Property Summary
This triplex located at 1007 SECOND Street, Cornwall is currently for sale and has been available on SousaSells for 734 days. This property is listed at $395,000 with an estimated mortgage of $1,315* per month. It has 0 beds, 0 bathrooms, and is unknown square feet. 1007 SECOND Street, Cornwall is in the 717 - Cornwall neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 1007 SECOND Street W, Cornwall, ON K6J 1H8
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Cornwall, ON
For a property listed at $395,000 in Cornwall, the legal minimum down payment is $19,750 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $4,400 for this transaction. As this listing is in Cornwall (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $4,400.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.