Excellent opportunity to enter the investment market with this well-maintained duplex located in a central downtown location. The property offers two self-contained units, each featuring 2 bedrooms and 1 bathroom, providing strong and consistent rental appeal. The main floor unit is heated by a newer forced-air gas furnace, while the second-floor unit is heated by an owned gas wall heater. Both tenants pay their own utilities, helping keep operating expenses low and predictable for an investor. Recent improvements include a newer rear staircase and deck serving the upper unit, and a detached garage adds additional storage or potential income opportunity. The location is a notable advantage, with commercial properties situated behind and beside the building, offering increased privacy during evenings and weekends-a rare benefit for a downtown property. Income Summary: Gross Annual Rental Income: $22,500 Net Operating Income: $14,100 per year. This property provides steady income today with future upside through rent growth, making it an ideal starter investment or a solid addition to an existing portfolio. (id:2493)
Data was last updated January 13, 2026 at 05:15 AM (UTC)
Area Statistics
Listings on market:
25
Avg list price:
$329,900
Min list price:
$259,000
Max list price:
$3,700,000
Avg days on market:
60
Min days on market:
0
Max days on market:
173
Avg price per sq.ft.:
$279.96
These statistics are generated based on the current listing's property type
and located in
717 - Cornwall. Average values are
derived using median calculations. This data is not produced by the MLS® system.
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