120 Sydney St - Apartments FOR SALE


Cornwall, ON K6H 3H2
$1,150,000 CAD
613-933-3283

NO PHOTO

$1,150,000 CAD
Apartments - FOR SALE
null | 6.34% Cap Rate

120 Sydney St
Cornwall, ON K6H 3H2


HIGHLIGHTS

  • Recently renovated property in downtown location

OVERVIEW

BEAUTIFULLY RENOVATED UNIQUE HISTORIC BRICK BUILDING IN DOWNTOWN LOCATION! Check out this very unique historic building which has been converted to an easy to maintain 5 Plex residential apartment building (5,272 sq.ft. as per MPAC). All renovations were completed with proper building permits, inspections and finals approvals done on all permits. This fully renovated/fully occupied property has an approximate /estimated annual net cash flow of over $72,900 and the listed price is based on an attractive capitalization rate return based on the I/E provided by the seller. Each apartment is finished with hardwood flooring & beautifully updated contemporary kitchens with granite counters & stainless steel dishwasher + bathrooms. The units are all very spacious with two bedrooms, a 4pc bath, an in-suite laundry & features such as central self-controlled AC, individual decks, private/paved on-site parking and stainless steel appliances of which are included with all leases. Each unit has its own services with separate meters + the tenants pay their own utilities. Seller requires SPIS signed & submitted with all offer(s) and 2 full business days irrevocable to review any/all offer(s).

FOR SALE DETAILS

PRICE

$1,150,000 CAD

PRICE/SF

$218 CAD /SF

# OF UNITS

4

PRICE/UNIT

$287,500

CAP RATE

6.34%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1883

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

CBD

APN/PARCEL ID

040204000105300

ASK ABOUT THIS PROPERTY

John A. CameronCameron Real Estate BrokerageMore Info
613-933-3283

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John A. CameronCameron Real Estate BrokerageMore Info
613-933-3283

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.