1133 Carleton Street, Cornwall, ON
Property Highlights
Welcome to this remarkable 2-Storey fourplex located in the coveted neighborhood of 717 - Cornwall. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $2,065,000 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.
- 10 Bedrooms and 6 Bathrooms with 4 functional kitchens
- Generous living space spanning 5000 + sqft on a premium 177.99 x 132.95 ft lot
- 8.0 total parking spaces available with a convenient built-in configuration
- Notable attributes: Other
- equipped with central air central cooling and highly efficient radiant heating via gas
Description
Welcome to 1133 Carleton St, an absolutely stunning and well built 4-unit investment property situated on a quiet street in the City of Cornwall. This 2005 built concrete fourplex is unlike any other investment property in the area. With lower level garages, spacious units, garages, plenty of parking, and many updates this property is the perfect addition to every portfolio. This property currently grosses $81,720 annually, and with market priced rents has a potential gross revenue of $108,000 annually. Current operating expenses are $19,909 and Net Operating Income is $61,811. 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 1133 Carleton Street, Cornwall, ON K6H 7N8
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About Purchasing a Home in Cornwall, ON
For a property listed at $2,065,000 in Cornwall, the legal minimum down payment is $413,000 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 $38,100 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 $38,100.
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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.