$399,000
↓ $35,900 from $434,900
Est. payment $1,767/moCalculate yours
306 Marlborough Street N, Cornwall, ON K6H 4A3
717 - Cornwall, Cornwall, ON K6H 4A3
- 7 Beds
- 3 Baths
- 2,000 Sq Ft
Listing courtesy of RE/MAX AFFILIATES MARQUIS LTD. MLS® X13169918
About this home
Located in the desirable Marlborough neighbourhood, directly across from the Joe St. Denis Football Field, this 7-bedroom triplex presents a compelling opportunity for investors seeking strong income potential. The property is currently generating approximately $3,647.80 per month in rental income (approximately $43,773.60 annually) from three occupied units. Unit 310 (3 Bed) will be vacant as of October 31ST. Based on current operating figures, the property offers an approximate Net Operating Income of $34,354.60 and an estimated cap rate of approximately 7.9%, making it an attractive addition to an investment portfolio. Positioned in an established residential area with convenient access to schools, parks, and amenities, this income-producing property combines location, rental demand, and solid returns. 24 Hour notice required for all showings. 48 Hour irrevocable on all offers as per Form 244.
Property details
Overview
- Property Type
- Triplex
- Style
- 2-Storey
- For
- For Sale
- Status
- Price Change
- Size
- 2,000 sqft
Interior
- Bedrooms
- 7
- Bathrooms
- 3
- Kitchens
- 3
- Basement
- Full, Unfinished
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- None
- Exterior
- Vinyl Siding
- Foundation
- Concrete
- Roof
- Membrane
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 51 x 66 Feet
- Parking
- None garage
Financial
- Property Taxes
- $2,196 (2025)
Location
- Neighbourhood
- 717 - Cornwall
- Cross Street
- Aberdeen Ave
- Direction Faces
- West
Listing
- MLS® Number
- X13169918
- Days on Market
- 146
- Listed On
- 2026-05-25
- Possession
- TBA
- Listed By
- RE/MAX AFFILIATES MARQUIS LTD.
Features
Interior
- Carpet Free
Pool
- None
- Excluded
- All tenant belongings.
Mortgage calculator
Estimated mortgage payment
$1,767 per month
- Principal and interest
- $1,767
- Property tax
- $183
- Condo fees
- $0
- Estimated monthly cost
- $1,950
Your mortgage
- Mortgage amount
- $319,200
- Mortgage insurance
- Not needed
- Interest over 25 years
- $210,806
Cash to close
- Down payment
- $79,800
- Land transfer tax
- $4,460
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $84,260
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
This photo could not be loaded.