227 Alice Street, Cornwall, ON
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of 717 - Cornwall. Expertly crafted featuring premium other construction, this residence presents an exceptional opportunity offered at $245,000 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.
- 3 Bedrooms and 1 Bathroom
- Generous living space spanning 1100-1500 sqft on a premium 25 x 90 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available
- Notable attributes: Water Heater Owned
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Investment Opportunity or Ideal First-Time Home! This affordable 3-bedroom home is situated in a convenient location, just minutes from schools, shopping, and everyday amenities. Whether you're looking to enter the market or expand your investment portfolio, this property offers excellent value and versatility. The main level features a functional layout with an eat-in kitchen, formal dining room, and a bright living room enhanced by charming wood trim and classic French doors. An additional family room provides flexible space and could easily serve as a fourth bedroom, home office, or den. Upstairs, you'll find a modern bathroom recently renovated along with two spacious bedrooms and a third smaller bedroom-perfect for a child's room, guest space, or office. Numerous updates have been completed, including most windows and flooring. Key mechanical upgrades include a natural gas furnace (2019), hot water tank (October 2024), and heat pump (October 2024). Exterior improvements feature updated eavestroughs and downspouts (2024), fresh paint, and new parging. The basement includes new rough-in plumbing, offering the potential to add a future bathroom.The property also includes a paved driveway and a storage shed for added convenience. The laneway leading to the paved driveway is shared. Currently configured as student housing, the home generates rental income with tenants paying $900/month (main floor), and $800, $500, and $450/month for the second-floor rooms. A smart investment with flexibility and upside-don't miss this opportunity! As per Seller direction allow 48 hour irrevocable on offers.
Schedule a Tour
Contact us to schedule a private viewing of this property.
Contact Agent
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Interior Features
Water Heater Owned
Security Features
Community Features
Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 227 Alice Street, Cornwall, ON K6H 4R8
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Mortgage & Affordability Audit
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Cornwall.
Configure Loan Settings
About Purchasing a Home in Cornwall, ON
For a property listed at $245,000 in Cornwall, the legal minimum down payment is $12,250 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 $2,175 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 $2,175.
Nearby Listings
No current listings found in Cornwall.
Similar Listings Nearby
City & Neighborhood Guide
Comprehensive city-wide demographics, local real estate stats, and school rankings for Cornwall.
People & Families
Age Distribution
Household Composition
Top Ethnic Origins
Local Schools Guide
Elementary Schools
Secondary Schools
Homes & Housing
Structural Home Types
Tenure (Ownership vs Rental)
Need more details or a custom CMA?
Generate a full market evaluation or explore city guides using the sidebar links.
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.