414 Second Street, Cornwall, ON
Property no longer active
This property was sold on December 3, 2024. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 2-Storey fourplex located in the coveted neighborhood of 717 - Cornwall. Expertly crafted featuring premium aluminum siding construction, this residence presents an exceptional opportunity offered at $335,000 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.
- 7 Bedrooms and 6 Bathrooms with 4 functional kitchens
- Premium 67.33 x 168.2 ft lot size
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available
- Notable attributes: Water Heater, Separate Hydro Meter
- Efficient forced air heating via gas
Description
This 4-plex offers strong income potential with room for improvement, making it an ideal project for investors. The property features a large 3-bedroom, 3-bathroom unit ($987.50/month), a 2-bedroom, 1-bathroom unit ($680/month), and two 1-bedroom, 1-bathroom units ($602 and $542/month). Each unit has its own hydro meter and hot water tank, with tenants responsible for paying heat and hydro. A brand-new natural gas furnace was installed in 2024, adding value to the property. While the building requires some maintenance, it has excellent potential for increased rental income and long-term appreciation. Parking is conveniently available at the back of the property. This is a great opportunity for hands-on investors to add value and maximize returns.
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Property Summary
This fourplex located at 414 Second Street, Cornwall is currently for sale and has been available on SousaSells for 610 days. This property is listed at $335,000 with an estimated mortgage of $1,115* per month. It has 7 beds, 6 bathrooms, and is unknown square feet. 414 Second Street, Cornwall is in the 717 - Cornwall neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 7 bedrooms and 6 bathrooms, this home offers ample space and comfort for growing families in 717 - Cornwall, Cornwall.
- •7 spacious bedroom layout offering versatile living space
- •6 well-appointed bathrooms
- •Desirable Fourplex architecture in 717 - Cornwall, Cornwall
Growing families needing multi-bedroom flexibility and space in 717 - Cornwall, Cornwall.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- Water Heater
- Separate Hydro Meter
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 414 Second Street, Cornwall, ON
Q.What is the asking price for 414 Second Street, Cornwall, ON ?
The current listing price for 414 Second Street, Cornwall, ON in 717 - Cornwall, Cornwall is $335,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 7 bedrooms and 6 bathrooms.
Q.What property type and architectural style is 414 Second Street, Cornwall, ON ?
414 Second Street, Cornwall, ON is a Fourplex (2-Storey) featuring a Unfinished basement.
Q.What interior features are included in this home?
Interior highlights include: Water Heater, Separate Hydro Meter.
Q.Is parking available at this property?
Yes, this property offers parking space for 4.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via None.
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Data-driven valuation for 414 Second Street W, Cornwall, ON K6J 1H1
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About Purchasing a Home in Cornwall, ON
For a property listed at $335,000 in Cornwall, the legal minimum down payment is $16,750 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 $3,500 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 $3,500.
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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.