The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
A great opportunity for investors, renovators or buyers looking to build equity in a convenient Cornwall location. Situated close to grocery stores, schools, public transportation and local amenities, this property offers a practical layout with two bedrooms and a four-piece bathroom on the main level, plus an additional bedroom in the basement.Several of the property's major components have already been updated, including a new 200-amp electrical panel approximately 3 months ago, central air conditioning replaced approximately 2 months ago, a roof replaced approximately 4 years ago, and the sewer lateral replaced both inside and outside. The furnace dates to approximately 2015, and the electric hot water tank was replaced within the past two years.The detached garage offers additional value with its own 60-amp electrical panel and water. The basement provides further opportunity for customization and may offer the potential for a basement apartment or additional living space, subject to municipal approvals and applicable requirements.With many of the major updates already completed, this property provides an opportunity to focus on the interior improvements and create something that suits your needs-whether as a personal residence, income property or long-term investment. As per Seller's Direction 48h Irrevocable required on all offers.
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$1,739/mo
Mortgage (principal + interest)$1,493
Property taxFrom listing: $2,961/yr$247
Minimum $19,950 down for this price; the slider moves in whole percent, starting at 5%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$79,800
Ontario land transfer taxProvincial brackets, no first-time refund$4,460
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$87,060
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Cornwall has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
