107 Prince Arthur Street, Cornwall, ON
Property Highlights
Welcome to this remarkable 1 1/2 Storey triplex located in the coveted neighborhood of 717 - Cornwall. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $275,000 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.
- 5 Bedrooms and 3 Bathrooms with 3 functional kitchens
- Generous living space spanning 2000-2500 sqft on a premium 36 x 90 ft lot
- Features a crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available
- Notable attributes: None
- Efficient other heating via gas
Description
Triplex Investment Opportunity in Downtown Cornwall. Welcome to 107, 107A & 107B Prince Arthur Street, an income generating triplex located in downtown Cornwall. This property features three self-contained units, including two - 2 bedroom units and one - 1 bedroom unit, all currently fully tenanted, providing immediate rental income. The property generates $2,850 per month in rental income, with tenants responsible for their own utilities (gas & electric bills), helping to keep operating costs lower. Two of the apartments each have a bonus room on the second level-perfect for use as a home office, second living room, playroom, or potential conversion into an additional bedroom. Conveniently located just one block from the waterfront trail, this property offers easy access to scenic walking paths and outdoor recreation, adding to its long-term appeal for tenants. An excellent opportunity for investors looking to expand their portfolio with a centrally located, income-producing property.
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Pricing & Value Insights
Data-driven valuation for 107 Prince Arthur Street 107, 107A, 107B, Cornwall, ON K6H 4N6
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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 $275,000 in Cornwall, the legal minimum down payment is $13,750 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 $2,600 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 $2,600.
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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.