507-509 Walton Street, Cornwall, ON
Property Highlights
Welcome to this remarkable 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 $429,900 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.
- 4 Bedrooms and 4 Bathrooms with 3 functional kitchens
- Generous living space spanning 2500-3000 sqft on a premium 60 x 68 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: Separate Hydro Meter, Water Heater Owned
- Efficient baseboard heating via electric
Description
TRIPLEX INVESTMENT OPPORTUNITY! Looking to add a triplex to your portfolio? Featuring a 3 bedroom up/down unit, a 1 bedroom upstairs unit and a 1 bedroom main level unit. Two apartments feature laundry hookups, there are 3 electrical meters, 2 gas meters and a total annual income of over 50k with all units occupied. Current vacancy for unit 234 Belmont (upstairs 1 bedroom unit) and any/all showings will take place in this apartment until an offer has been accepted at which time all apartments will be made available to the buyer(s) as a condition of their offer. Walking distance to Public Transit, Schools, the Park, the Waterfront Trail, Shopping and the Cornwall Community College. Seller requires SPIS signed & submitted with all offer(s) and 2 full business days irrevocable to review any/all offer(s).
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Pricing & Value Insights
Data-driven valuation for 507-509 Walton Street, Cornwall, ON K6H 1T5
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About Purchasing a Home in Cornwall, ON
For a property listed at $429,900 in Cornwall, the legal minimum down payment is $21,495 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 $5,073 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 $5,073.
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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.