95 Lefebvre Avenue, Cornwall, Ontario K6H5G6
Listing courtesy of RE/MAX AFFILIATES MARQUIS LTD..
- $325,000
- 6
- BD
- 2
- BA
- List Price
- $325,000
- Status
- ACTIVE
- Days on Market
- 0
- MLS® #
- CornwallDistrictRealEstateBoard-X13801918
- Style
- Raised bungalow
- Architectural Style
- Raised bungalow
- Bedrooms
- 6
- Bathrooms
- 2
- Subdivision
- 717 - Cornwall
- Neighborhood
- 717 - Cornwall
- MLS Area Major
- 717 - Cornwall
Property Description
Excellent Investment Opportunity - 9%+ Cap Rate! Great opportunity for an investor to add a cash-flowing property to their portfolio. This duplex has undergone significant renovations and improvements, with the current property offering a cap rate of over 9%. The basement unit was fully renovated in 2024 under permit, bringing the unit up to Ontario Building Code requirements. Improvements include a complete replacement of the sewer lateral, both inside and outside the property, a new water line inside and outside, as well as new basement windows and doors. The upper unit was renovated in 2024, including new electric baseboard heating, lighting, flooring, and a new bathroom. Additional exterior improvements include a new metal roof installed in 2024 and new eavestroughs installed in 2025. With substantial recent improvements, strong rental income, and a current cap rate of over 9%, this property presents an opportunity for an investor looking for a partially renovated, income-producing property with potential to continue growing their portfolio. As per form 244 all offers to contain a 48-hour irrevocability. All showings require minimum 48 hours notice. (id:5764)
Additional Information
- Exterior Features
- Aluminum siding
- Taxes
- $1,708
- Community Features
- 717 - Cornwall
- Property Description
- Raised bungalow
- Heating
- Baseboard heaters, Electric
- Air Conditioning
- None
- Stories
- 1
- Foundation
- Concrete
- Parking Features
- No Garage
