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414 Second ST W Stormont, Dundas And Glengarry, ON K6J 1H1
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Key Details
Sold Price $320,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID X11441383
Sold Date 12/03/24
Style 2-Storey
Bedrooms 7
Annual Tax Amount $2,635
Tax Year 2024
Property Description
This 4-plex offers strong income potential with room for improvement, making it an ideal project for investors. The property features a large 3-bedroom, 3-bathroom unit ($987.50/month), a 2-bedroom, 1-bathroom unit ($680/month), and two 1-bedroom, 1-bathroom units ($602 and $542/month). Each unit has its own hydro meter and hot water tank, with tenants responsible for paying heat and hydro. A brand-new natural gas furnace was installed in 2024, adding value to the property. While the building requires some maintenance, it has excellent potential for increased rental income and long-term appreciation. Parking is conveniently available at the back of the property. This is a great opportunity for hands-on investors to add value and maximize returns.
Location
Province ON
County Stormont, Dundas And Glengarry
Community 717 - Cornwall
Area Stormont, Dundas And Glengarry
Zoning comm11
Region 717 - Cornwall
City Region 717 - Cornwall
Rooms
Family Room Yes
Basement Unfinished
Kitchen 4
Interior
Interior Features Water Heater, Separate Hydro Meter
Cooling None
Exterior
Parking Features Available
Garage Spaces 4.0
Pool None
Roof Type Shingles
Lot Frontage 67.33
Lot Depth 168.2
Total Parking Spaces 4
Building
Foundation Poured Concrete, Stone
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