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Ruth Ballantyne

ruth@ruthballantyne.com +1(416) 779-8732

$ 525,000

Est. payment | -/mo

3 Beds

4 Baths

Save

$ 525,000

Est. payment | -/mo

Save

3 Beds

4 Baths

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000-2500

Subdivision 717 - Cornwall

MLS Listing ID X14154482

Style 2-Storey

Bedrooms 3

Annual Tax Amount $3,935

Tax Year 2026

Property Sub-Type Triplex

Property Description

Attention Investors! An excellent opportunity to add a versatile income-generating property to your investment portfolio! Welcome to 127 Gardner Street, ideally situated just steps from local parks and the St. Lawrence River, with convenient access to St. Lawrence College and everyday amenities, making it an attractive location for tenants and students alike.This triplex, complete with an additional basement in-law suite, offers multiple income streams and excellent flexibility for both investors and owner-occupants. The spacious main-floor unit is currently vacant and was previously rented for $1,800/month, featuring one bedroom, a den, and additional living space in the bright solarium. The vacant basement in-law suite offers a comfortable one-bedroom layout and previously generated $1,400/month. Upstairs, you'll find two occupied units: a one-bedroom apartment currently rented for $824/month, and a bachelor apartment generating $800/month.Currently generating $19,488 in annual gross rental income from just two occupied units, this property offers significant potential for increased cash flow. By renting the two vacant units at their previous rental rates, the property could generate an impressive $4,824/month or $57,888 annually in gross rental income, before expenses.Additional features include one parking space per unit, three 5' x 5' tenant storage lockers, and a spacious 18' x 12' shed offering potential for additional rental income or convenient owner storage.Whether you're looking to expand your investment portfolio, capitalize on the opportunity to increase rental income, or occupy one of the vacant units while having rental income help offset your living expenses, 127 Gardner Street is an opportunity worth exploring! Minimum 24 hours' notice required for all showings. As per Form 244, all offers must contain a 24-hour irrevocable clause.

Location

State ON

County Stormont, Dundas And Glengarry

Area Stormont, Dundas And Glengarry

Rooms

Family Room No

Basement Apartment, Finished

Kitchen 4

Separate Den/Office 1

Interior

Interior Features In-Law Suite, Water Heater Owned

Cooling Central Air

Fireplace No

Heat Source Electric

Exterior

Parking Features Private

Pool None

Roof Type Asphalt Shingle

Lot Frontage 50.0

Lot Depth 130.0

Total Parking Spaces 4

Building

Foundation Poured Concrete

Others

ParcelsYN No

Listed by RE/MAX AFFILIATES MARQUIS LTD.

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(416) 779-8732

ruth@ruthballantyne.com

30 Pleasant Valley Pl, Brampton, ON L6S 5S2, CAN

127 Gardner AVE Cornwall, ON K6H 5H5

Ruth Ballantyne

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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127 Gardner AVE