Sold for:Sold Jun 10, 2025
$399,000

707-713 First Street E

Cornwall, ON K6H 1M3

Multiplex SoldNot available
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031

Property not available for sale or for rent.

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Sale & Price History for 707-713 First Street E, Cornwall

2025-04-10
2025-06-10
Sold
Price
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MLS#
x12076187

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 707-713 First Street E, Cornwall

POSITIVE CASH FLOW FOURPLEX! Solid brick Fourplex in an upcoming area of Cornwall. This fourplex is in prime location with proximity to shops, school, college and recreational center. Good income with solid tenants. The units are all similar in size with one main floor unit having its original 2 bedrooms, with the other having been converted into a more spacious one bedroom. All units are heated with gas space heaters. Renovation includes some windows, and bathroom. The detached garage and attached shed offers great parking space and storage possibility. Don't miss this opportunity with the adjacent building also being sold by same owner... possibility to own a large piece of land in prime location. Rents are: $875 inclusive, $998.75 inclusive, $900 plus utilities, $1100 plus utilities (estimated vacant) (Total/year: $46,485). Expenses are: Prop.tax $2645, Water/Sewer $2296, Hydro $1692 (estimated with 2 non-inclusive), Gas $2490 (estimated with 2 non-inclusive), Insurance $3301, Reliance rental $4473 (Total/year: $16,897). Expenses for Hydro and Gas are estimated with 2 units that will not include utilities.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$2,745
Land Transfer Tax Fee
$4,460

Rental Items

Rental Equipment
Gas Water Heaters, Space Heaters
Under Contract
Hot Water Tank-Gas, Space Heater

Basement Type
Other

Interior Features

Laundry Level
Lower Level
Interior Extras
Separate Heating Controls, Sump Pump, Water Heater Owned
Security Features
Smoke Detector
Fireplace/Stove
No
Elevator
No

Exterior Features

Pool
None
Property Features
Hospital, Park, Place Of Worship, Public Transit, Rec./Commun.Centre, School

Building

Building Type
Multiplex
Building Style
2-Storey
Approx Age
51-99

Construction

Exterior Finish
Brick
Roof
Flat
Foundation Details
Concrete
Special Designation
Unknown

Lot

Lot Front
40.00 ft
Lot Depth
107.00 ft
Lot Size
0.09
Lot Shape
Rectangular

Inclusions

Inclusions
4 Refrigerators, 4 Stoves

Exclusions

Exclusions
Tenant Belongings

Parking & Garages

Garage Type
Detached
Garage Spaces
2
Parking Spaces
2
Total Garage And Parking Spaces
2

Heating & Cooling

Heat Source
Gas
Heat Type
Radiant
Air Conditioning
None
Water
Municipal
Sewers
Sewer
Natural Gas
Yes
Hydro
Yes
Cable
Yes
Telephone
Yes

Bedrooms
5
Washrooms
4
Kitchens
4

Washrooms

  • 4-piece, Main
  • 3-piece, Second

Municipality
Cornwall
Neighbourhood
Cornwall
Main cross streets
Baldwin Ave
Zoning
Res 20
Directions
East-West

MLS® number
X12076187
Data source
Toronto Regional Real Estate Board
Status change
2025-06-10
Listed on
2025-04-10
Days on market
61 days
Possession date
2025-04-30
Possession type
Immediate
Co-op commission
2.0
Seller
Listed by
DECOSTE REALTY INC.

Home Market Value

Current home valuation for 707-713 First Street E, Cornwall, Cornwall, ON. Listed for $399,000

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Estimated Sales Range

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HOMEH Estimate for 707-713 First Street E, Cornwall

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

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Cornwall, ON
Minimum Down Payment Required:5.0%

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Minimum down payment

$19,950

Scenario 1 Scenario 2 Scenario 3 Scenario 4
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+CMHC insurance
$15,162$11,132$9,496$0
=Total mortgage
$394,212$370,232$348,646$319,200
Amortization
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Payment frequency
=Mortgage payment
$1,925monthly$1,808monthly$1,702monthly$1,558monthly
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Land Transfer Tax

Provincial

$4,460

Total Land Transfer Tax

$4,460

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0/100Minimal Transit
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