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.
Excellent investment opportunity in a quiet and well-established area of Cornwall! This well-located duplex on 12th Street offers two separate rental units, steady rental income, parking, outdoor storage, and several features that make it an attractive long-term addition to an investment portfolio.Unit 371 is a spacious 3-bedroom unit arranged over two levels, providing tenants with plenty of living space and a practical layout. This unit is currently rented for $1,150 per month plus utilities. With three bedrooms and two-storey living, it offers strong appeal for families, couples, or tenants looking for additional space.Unit 367 is a comfortable 1-bedroom unit currently rented for $850 per month. Its smaller, efficient layout makes it an appealing option for a single tenant or couple. Tenants are responsible for their own utilities, helping the owner maintain more predictable operating expenses.A major recent improvement is the roof, which was completely replaced this year, offering added peace of mind to a future owner and reducing the likelihood of a major roofing expense in the near term.The property also provides dedicated storage space for each tenant in the backyard, an excellent feature for bicycles, seasonal items, tools, and personal belongings. On-site parking is available, adding further convenience for both units.Located in a very quiet residential area of Cornwall, this duplex offers a combination of affordability, rental stability, and long-term investment potential. Whether you are an experienced investor looking to expand your portfolio or a buyer searching for a first income-producing property, this duplex represents a solid opportunity in the Cornwall rental market.A practical property with existing tenants, established income, separate living spaces, recent roof improvements, storage, and parking - a strong foundation for a long-term real estate investment.
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Estimated Rental Income
Rental estimate coming soon
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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$1,418/mo
Mortgage (principal + interest)$1,215
Property taxFrom listing: $2,426/yr$202
Minimum $16,245 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$64,980
Ontario land transfer taxProvincial brackets, no first-time refund$3,349
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$71,129
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.
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