303 Guy StreetCornwall, ON K6H 4V3
Description
Cash-flowing investment opportunity! Fully occupied and generating $50,148 in annual gross rental income, this turnkey investment property delivers immediate cash flow from closing. With six furnished rental rooms currently producing $4,179 per month, approximately $16,311 in annual operating expenses, and an estimated Net Operating Income of $33,837 per year (before owner-specific expenses), this is an outstanding opportunity for investors seeking reliable, proven returns. Designed for consistent rental demand, the property features six furnished bedrooms, two full bathrooms, spacious shared living areas, and a beautifully renovated kitchen completed in 2024. Recent improvements include a new front door and frame (2026), newer refrigerators, updated appliances, and numerous mechanical upgrades completed over recent years, making this a true turnkey investment. All six furnished rooms are currently rented, with monthly rents ranging from $665 to $717. The seller advises there has been only one month of vacancy since April 2024, demonstrating strong occupancy and consistent rental performance. Whether you're expanding your investment portfolio or purchasing your first income property, this is a rare opportunity to acquire a well-maintained, income-producing asset with immediate cash flow. (id:31684)
Property Information
- Property type
- Residential
- Sub-type
- Single Family Residence
- Structure type
- House
- Stories
- 2
- Lot dimensions
- 29.5 x 55 FT
- Parking spaces
- 2
- Ownership
- Freehold
- Listing #
- X13042138
Property Features
- Appliances
- Cooktop · Washer · Dishwasher · Dryer · Range Hood
- Cooling
- Central Air
- Heating
- Forced Air · Natural Gas
- Basement
- Unfinished
- Parking
- No Garage
- Construction
- Vinyl Siding
- Water source
- Public
Financial Details
- Annual taxes
- $2,139Tax year 2025
Directions
Cross Streets: Walton and Guy Street. ** Directions: From 2nd Street East, head South on Guy Street and the home will be on your left hand side.
Listing Courtesy: REAL BROKER ONTARIO LTD., BROKERAGE
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