625 Montreal Road, Cornwall, ON
Property Highlights
Welcome to this remarkable 2-Storey triplex located in the coveted neighborhood of 717 - Cornwall. Expertly crafted featuring premium other construction, this residence presents an exceptional opportunity offered at $764,900 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.
- 6 Bedrooms and 3 Bathrooms with 3 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 46.1 x 79.94 ft lot
- Features a apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available
- Notable attributes: ERV/HRV, Carpet Free
- Efficient baseboard heating via electric
Description
Discover a fully updated legal TRIPLEX with gross annual income of $63,660.00. All units were recently renovated with all new kitchens, bathrooms, flooring, HRV, electrical and plumbing. The units are bright, contemporary 2-bedroom suites featuring stylish finishes, in-suite laundry, full bathrooms with tub/shower combos, dishwashers, and seperate entrances. Each unit mirrors the other in layout and appeal, making it ideal for owner-occupiers or investors. The upper unit is currently tenanted at $1,750/month plus utilities, main floor $1,815 plus utilities, basement $1,740 plus utilities providing immediate, stable cash flow. . This turn-key property is a rare opportunity to step into a well-maintained, revenue-ready multi-unit building. Perfect for investors, multi-generational living, or anyone looking to live in one unit while renting the others.
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ERV/HRV, Carpet Free
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Pricing & Value Insights
Data-driven valuation for 625 Montreal Road, Cornwall, ON K6H 1C3
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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 $764,900 in Cornwall, the legal minimum down payment is $51,490 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 $11,773 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 $11,773.
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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.