303 Guy Street,Cornwall, ON K6H 4V3
Cornwall, 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.
Details
| MLS # | X13042138 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 136 |
| Listing Provided By | REAL BROKER ONTARIO LTD., BROKERAGE | X13042138 10004500 |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 2 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.04 |
Interior
| Interior Features | Carpet Free |
|---|---|
| Cooling | Central Air |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Roof | Asphalt Shingle |
|---|---|
| Foundation Details | Concrete |
| Construction Materials | Vinyl Siding |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 2139 |
|---|---|
| Tax Legal Description | PT LT 157-158 PL 79 AS IN S238918, S/T & T/W S238918 CITY OF CORNWALL |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| County | Stormont, Dundas and Glengarry |
| City | Cornwall |
| Postal Code | K6H 4V3 |
| Area | 717 Cornwall |
| Listing VS Median (in K6H 4V3) | |
Price: $370,000 low | high Med: $0 On site: 136 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Stormont, Dundas and Glengarry |
| City | Cornwall |
| Postal Code | K6H 4V3 |
| Area | 717 Cornwall |
| Listing VS Median (in K6H 4V3) | |
Price: $370,000 low | high Med: $0 On site: 136 low | high Med: | |
