1101 Gretchen Court, Cornwall, ON
Property Highlights
Welcome to this remarkable 2-Storey fourplex located in the coveted neighborhood of 717 - Cornwall. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $1,600,000 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 8 Bathrooms with 4 functional kitchens
- Generous living space spanning 3500-5000 sqft on a premium 95.47 x 169.13 ft lot
- 6.0 total parking spaces available
- Notable attributes: Water Heater
- Efficient forced air heating via gas
Description
Welcome to 1101 Gretchen Court, a 2015 quality built and well located fourplex that offers spacious units, stunning curb appeal, and all the conveniences that appeal to a wide spectrum of tenants. Each of the 4 units in this turn key investment property are approximately 1100sqft and feature 2 bedrooms, 1 bathroom, natural gas forced air furnace, and central air conditioning. The upper units host west facing balconies while the main level units have both a front entrance and a rear entrance off the parking lot. This property currently grosses $73,692 annually, and with market priced rents has a potential gross revenue of $103,2000 annually. Current operating expenses are $19,461 and Net Operating Income is $54,231. 24h Notice minimum for all showings. As per for 244, seller required 24h irrevocable on all offers.
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Pricing & Value Insights
Data-driven valuation for 1101 Gretchen Court, Cornwall, ON K6H 6T2
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About Purchasing a Home in Cornwall, ON
For a property listed at $1,600,000 in Cornwall, the legal minimum down payment is $320,000 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 $28,475 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 $28,475.
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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.