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$ 850,000
Est. payment /mo
New
3004 Pitt ST Cornwall, ON K6K 1A6
8 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision 717 - Cornwall
MLS Listing ID X12780954
Style Bungalow-Raised
Bedrooms 8
Annual Tax Amount $5,970
Tax Year 2025
Property Sub-Type Fourplex
Property Description
Welcome to 3004 Pitt Street - A Prime North End Investment Opportunity.This solid brick fourplex is ideally located in Cornwall's desirable North End, close to schools, transit, and everyday amenities-an area consistently attractive to tenants. A fantastic opportunity for both seasoned and first-time investors looking to expand their portfolio with a stable, income-producing asset.The property features four spacious 2-bedroom units, each offering a 3-piece bathroom and the highly desirable convenience of in-unit laundry-an excellent tenant retention feature. Currently, three units are occupied by quality tenants, providing immediate cash flow, while one vacant unit offers flexibility for owner-occupancy or the opportunity to secure a new tenant at current market rent to maximize returns.With strong rental fundamentals, solid construction, and upside potential through rental optimization, 3004 Pitt Street represents a well-balanced investment in a proven rental location. 48-hour irrevocable required on all offers. Minimum 48-hour notice required for all showings. Current Gross income with 1 unit vacant is 55,020 and NOI-38,381. With the vacant unit projected rent at 1,800/mth projected Gross Income 76,620 and NOI- 59,981.
Location
State ON
County Stormont, Dundas And Glengarry
Area Stormont, Dundas And Glengarry
Rooms
Family Room No
Basement Apartment
Kitchen 4
Interior
Interior Features Separate Hydro Meter, Water Heater Owned
Cooling Window Unit(s)
Fireplaces Type Natural Gas
Fireplace Yes
Heat Source Electric
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 100.0
Lot Depth 104.0
Total Parking Spaces 6
Building
Foundation Concrete
Others
ParcelsYN No
Listed by RE/MAX AFFILIATES MARQUIS LTD.
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