14
  • X12457460
  • MLS® Number
  • Property Type
  • Investment, Commercial
  • Acres
  • Land Area
  • 10000 Sqft
  • Area Size

320 Gleeson Avenue, Cornwall, ON K6J 1E3

  • $1,195,000

Description

MOTIVATED SELLER !!! 9 PLEX FOR SALE IN THE GROWING CORNWALL RENTAL MARKET!!! NINE UNIT APARTMENT BUILDING, UPDATED AND SPACIOUS UNITS (APPROXIMATELY 1000 SQUARE FEET) IN A NICE AREA OF THE CITY. GOOD PARKING AND EXTRA INCOME FROM COIN OPERATED LAUNDRY ROOM. THE BUILDING SHOWS VERY WELL WITH LOTS OF PARKING IN FRONT OF THE BUILDING. MIN. 24 HOUR NOTICE FOR SHOWINGS.GROSS AND NET INCOME IS BASED ON FULLY OCCUPANCY Total of 8-two bedrm units plus 1-one bedrm unit. Upgrades done last 2 years:- Full New Roof- Renovated Unit 2,4,6,8- Unit 6 Extensive Renovation- Unit 1 Bathroom Overhaul and full Renovation of the unit. Painting and flooring updated in some units too- Newly Painted common areas in full building- Upgraded all electric panels from fuses to break panels.Building Sewer Lateral Replacement – Brant New.Outdoor shed Removal.Front entrance is repainted..Currently close to a 6 % cap rate (5.9 % cap rate)with some units way below market rent levels! Tons of potential! One of the Seller is Registered Real Estate Salesperson.

Details

MLS® Number X12457460
Property Size 10000 Sqft
Updated on November 13, 2025 at 8:02 pm

Additional details

  • Utilities: Available
  • Cooling: No
  • County: Stormont, Dundas and Glengarry
  • Property Type: Commercial Sale

Address

  • Address: 320 Gleeson Avenue
  • City: Cornwall
  • State/county: ON
  • Zip/Postal Code: K6J 1E3
  • Country: CA

Contact Information

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