214 Second ST, Cornwall, ON K6J 1G7
214 Second ST, Cornwall, ON K6J 1G7
214 Second ST, Cornwall, ON K6J 1G7
214 Second ST, Cornwall, ON K6J 1G7
214 Second ST, Cornwall, ON K6J 1G7
214 Second ST, Cornwall, ON K6J 1G7
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Patrick Nabhan

Patrick Nabhan

+1(613) 805-1416
$ 1,500,000
Est. payment | /mo

15 Beds

8 Baths

Save
$ 1,500,000
Est. payment | /mo
Save

15 Beds

8 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5000 +

Subdivision 717 - Cornwall

MLS Listing ID X13447636

Style 3-Storey

Bedrooms 15

Annual Tax Amount $14,863

Tax Year 2025

Property Sub-Type Multiplex

Property Description

Welcome to The Strathcona, a landmark multi-residential investment opportunity with substantial upside located in the vibrant downtown core of Cornwall. This impressive 8-unit, all-brick apartment building blends historic charm with dependable income and ample upside potential, making it an attractive addition to any investment portfolio. The property features a desirable unit mix of seven spacious 2-bedroom apartments and one 1-bedroom unit, catering to a broad tenant base. Six of the apartments offer private balconies, providing valuable outdoor living space that helps attract and retain quality tenants. Residents enjoy an exceptional location within walking distance of downtown amenities, including shopping, restaurants, public transit, parks, and Cornwall's scenic waterfront. Each unit is equipped with a refrigerator and stove, while a private rear parking area provides added convenience for tenants-an increasingly sought-after feature in the downtown market. Constructed with durable brick exterior walls and heated by a hot water boiler system with in-unit radiators, the property offers reliable performance and classic character. The boiler system was replaced in September 2015, contributing to the building's ongoing maintenance profile. With its strong curb appeal, excellent central location, established rental demand, and upside potential on rental income, The Strathcona presents a rare opportunity to acquire a solid apartment building in one of Eastern Ontario's most desirable markets. Current Income/Expenses: Gross income of $137,862.84, Expenses of $37,661.03, Net Operating Income of $100,201.81 (Current Cap Rate of 6.7%). Potential Income/Expenses (at market rents): Gross Income of $176,400, Expenses of $37,661.03, Net Operating Income of $138,738.97 (Potential Cap Rate of 9.25%). Assumption based on $1800/unit rent for 2 Bedroom, $1450/unit rent for 1 Bedroom. Please provide 48h notice for all showing requests.

Location

Province ON

County Stormont, Dundas And Glengarry

Area Stormont, Dundas And Glengarry

Rooms

Family Room No

Basement Apartment, Finished, Full

Kitchen 8

Separate Den/Office 3

Interior

Interior Features Other

Cooling None

Fireplace No

Heat Source Gas

Exterior

Pool None

Roof Type Asphalt Rolled

Lot Frontage 63.5

Lot Depth 263.97

Total Parking Spaces 12

Building

Foundation Concrete

Others

ParcelsYN No

Listed by RE/MAX AFFILIATES MARQUIS LTD.
Patrick Nabhan

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

+1(613) 805-1416

info@pathomes.ca

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree to receive recurring marketing communication from Patrick Nabhan, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

By checking this box, I agree to the Terms of Service and Privacy Policy of this website.

Go tour this home

214 Second ST