1107 Gretchen Court, Cornwall, ON
Property Highlights
Welcome to this remarkable 2-Storey multiplex located in the coveted neighborhood of 717 - Cornwall. Expertly crafted featuring premium vinyl siding and brick construction, this residence presents an exceptional opportunity offered at $2,650,000 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.
- 12 Bedrooms and 6 Bathrooms with 6 functional kitchens
- Generous living space spanning 5000 + sqft on a premium 110.43 x 187.94 ft lot
- 8.0 total parking spaces available
- Notable attributes: Water Heater
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to 1107 Gretchen Court, a well-located property that hosts both a 2016 built fourplex and a 2024/25 built duplex all on one lot for a total of 6 units on one property. Each of the spacious units offer stunning curb appeal and all the conveniences that appeal to a wide spectrum of tenants. Each of the 6 units on 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 in the fourplex host west facing balconies while the main level units in the fourplex have both a front entrance and a rear entrance off the parking lot. This property currently grosses $135,648 annually, and with market priced rents has a potential gross revenue of $156,000 annually. Current operating expenses are $22,465.50 and Net Operating Income is $113,182.50. 24h Notice minimum for all showings. As per for 244, seller required 24h irrevocable on all offers.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 1107 Gretchen Court, Cornwall, ON K6H 6T2
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About Purchasing a Home in Cornwall, ON
For a property listed at $2,650,000 in Cornwall, the legal minimum down payment is $530,000 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 $52,725 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 $52,725.
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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.