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$ 3,700,000
Est. payment /mo
New
822 Marlborough ST Cornwall, ON K6H 4B4
23 Beds
17 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision 717 - Cornwall
MLS Listing ID X12579648
Style 2-Storey
Bedrooms 23
Annual Tax Amount $24,200
Tax Year 2025
Property Sub-Type Multiplex
Property Description
Exceptional Investment Opportunity in the Heart of Cornwall! This brand-new, purpose-built 12-unit apartments offers an exceptional chance to secure a modern, fully stabilized income property in a high-demand area. Designed for Long-term durability and investor peace of mind, the building features 11 spacious 2-bedroom units and 1 well-appointed 1-bedroom unit, all professionally finished with great layouts, quality materials, and efficient mechanical systems.The property is fully rented, providing immediate and reliable cash flow with strong tenant appeal thanks to its well thought construction, bright interiors, and functional floor plans.Investors will appreciate the low operating costs associated with new construction, minimal maintenance requirements, and the strong rental upside in a rapidly growing market.Ideally located in central Cornwall, the building is just moments away from major amenities including grocery stores, schools, the hospital, parks, shopping, and transit, ensuring long-term rental stability and consistent demand. The area continues to see growth and revitalization, making this an excellent long-term hold. A turnkey, fully Leased asset like this-combining modern construction, strong income, prime location, and future development options-is incredibly hard to find. A perfect choice for both seasoned and now investors seeking stability, growth, and long-term returns.The rear portion of the land is subject to severance and not included in the primary offering, but can be negotiated separately for buyers seeking future development potential. With R40 zoning, the site allows for the possibility of constructing an additional building (buyer to verify with the City of Cornwall), providing a rare opportunity to expand and maximize the value of the property.
Location
Province ON
County Stormont, Dundas And Glengarry
Community 717 - Cornwall
Area Stormont, Dundas And Glengarry
Rooms
Family Room No
Basement None
Kitchen 12
Interior
Interior Features Separate Hydro Meter
Cooling None
Fireplace No
Heat Source Electric
Exterior
Parking Features Available
Pool None
Roof Type Other
Lot Frontage 143.0
Lot Depth 352.0
Total Parking Spaces 20
Building
Foundation Other
Others
ParcelsYN No
Listed by SUTTON GROUP-ADMIRAL REALTY INC.