1236-1242 Notre Dame Street, Cornwall, ON
Property Highlights
Welcome to this remarkable 2-Storey fourplex located in the coveted neighborhood of 717 - Cornwall. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $495,000 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.
- 8 Bedrooms and 4 Bathrooms with 4 functional kitchens
- Generous living space spanning 2500-3000 sqft on a premium 55 x 93.7 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available
- Notable attributes: Other
- equipped with window unit(s) central cooling and highly efficient baseboard heating via electric
Description
FULLY LEASED FOUR PLEX in a great north end location close to shopping, a beautiful local municipal park, and public transit. This 4-plex produces an actual gross rental of $50,100 annually based on the actual income statement provided by the seller with rents that are below the current market and "the Owner is willing to enter into a Hybrid VTB arrangement with qualified buyers/see LB for details and.terms to be discussed".. Before any offer is made the owner has arranged with appropriate tenant notice to show one of the 1 bedroom units located in the back of the building, and one of the 2 bedroom units at the front to allow prospective buyers to inspect the general condition of the building before proceeding further with evaluating this investment property. Please note the tenants own their own appliances and there is washer/dryer hook ups in all 4 units. Seller instructions (form 244) requires the legal RTA notice to tenants as a requirement for all showings, and in addition the seller requires the seller property information statement signed by the buyer & submitted with any offer(s) plus 2 full business days irrevocable to review any/all offer(s).
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 1236-1242 Notre Dame Street, Cornwall, ON K6J 4Y6
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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 $495,000 in Cornwall, the legal minimum down payment is $24,750 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 $6,375 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 $6,375.
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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.