822 Marlborough Street, Cornwall, ON K6H 4B4

For Sale 137 days on Market MLS® X12579648
Asking Price
$3,700,000
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Overview
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Exceptional Investment Opportunity in the Heart of Cornwall! This brand-new, purpose-built 12-unit apartments offers an exceptional chance to secure a modern, fully stabilized income property in a high-demand area. Designed for Long-term durability and investor peace of mind, the building features 11 spacious 2-bedroom units and 1 well-appointed 1-bedroom unit, all professionally finished with great layouts, quality materials, and efficient mechanical systems.The property is fully rented, providing immediate and reliable cash flow with strong tenant appeal thanks to its well thought construction, bright interiors, and functional floor plans.Investors will appreciate the low operating costs associated with new construction, minimal maintenance requirements, and the strong rental upside in a rapidly growing market.Ideally located in central Cornwall, the building is just moments away from major amenities including grocery stores, schools, the hospital, parks, shopping, and transit, ensuring long-term rental stability and consistent demand. The area continues to see growth and revitalization, making this an excellent long-term hold. A turnkey, fully Leased asset like this-combining modern construction, strong income, prime location, and future development options-is incredibly hard to find. A perfect choice for both seasoned and now investors seeking stability, growth, and long-term returns.The rear portion of the land is subject to severance and not included in the primary offering, but can be negotiated separately for buyers seeking future development potential. With R40 zoning, the site allows for the possibility of constructing an additional building (buyer to verify with the City of Cornwall), providing a rare opportunity to expand and maximize the value of the property.
Bedrooms
23
Bathrooms
17.0
Area
5,000 sqft
Lot Size
1.2 acres
Type
Multiplex

Property Details

Year BuiltNot Disclosed
CityCornwall
Postal CodeK6H4B4
Lot Dimensions143.00 × 352.00 ft
Parking20 spaces

Interior Features

Heat: Baseboard
Heat Source: Electric
Cooling: None
Style: 2-Storey

Exterior & Land

Sewer: Sewer
Construction: Brick
Roof: Other

Utilities & Services

Heat SourceElectric
SewerSewer

Financial Information

List Price$3,700,000
Annual Taxes$24,200 (2025)
Days on Market137
MLS® X12579648 • Listed by SUTTON GROUP-ADMIRAL REALTY INC.
822 Marlborough Street, Cornwall, ON K6H 4B4
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$3,700,000.00
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Effective Amortization30 Years
Property Location
822 Marlborough Street, Cornwall, ON K6H 4B4
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