95 Lefebvre Avenue,Cornwall, ON K6H5G6
Cornwall, ON K6H5G6
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:13843)
Details
| MLS # | X13801918 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 36 |
| Listing Provided By | RE/MAX AFFILIATES MARQUIS LTD. | Nick Longchamps |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 700 |
| Basement | Y |
| Story(s) | 1 |
Interior
| Cooling | None |
|---|---|
| Heating | Baseboard heaters, Electric |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Carpet Free |
|---|---|
| Foundation Details | Concrete |
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 3 |
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 1708.83 |
|---|---|
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| City | Cornwall |
| Postal Code | K6H5G6 |
| Listing VS Median (in K6H5G6) | |
Price: $315,000 low | high Med: $315,000 sqft: 700 low | high Med: 700 $ / sqft: $450 low | high Med: $450 On site: 36 low | high Med: 36 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Cornwall |
| Postal Code | K6H5G6 |
| Listing VS Median (in K6H5G6) | |
Price: $315,000 low | high Med: $315,000 sqft: 700 low | high Med: 700 $ / sqft: $450 low | high Med: $450 On site: 36 low | high Med: 36 | |
