$370,000
Est. payment $1,638/moCalculate yours
303 Guy Street, Cornwall, ON K6H 4V3
717 - Cornwall, Cornwall, ON K6H 4V3
- 6 Beds
- 2 Baths
- 1,500 Sq Ft
Listing courtesy of REAL BROKER ONTARIO LTD., BROKERAGE MLS® X13042138
About this home
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.
Property details
Overview
- Property Type
- Detached
- Style
- 2-Storey
- For
- For Sale
- Status
- New
- Size
- 1,500 sqft
Interior
- Bedrooms
- 6
- Bathrooms
- 2
- Kitchens
- 1
- Basement
- Unfinished
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- Central Air
- Exterior
- Vinyl Siding
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 29.5 x 55 Feet
- Parking
- None garage · 2 total
Financial
- Property Taxes
- $2,139 (2025)
Location
- Neighbourhood
- 717 - Cornwall
- Cross Street
- Walton and Guy Street
- Direction Faces
- East
Listing
- MLS® Number
- X13042138
- Days on Market
- 177
- Listed On
- 2026-04-24
- Possession
- TBD
- Listed By
- REAL BROKER ONTARIO LTD., BROKERAGE
Features
Interior
- Carpet Free
Pool
- None
- Included
- Stove, 2 Fridges, Dryer, Washer, Dishwasher, Hood Fan
- Excluded
- Tenants Belonging
- Rental items
- Water heater $70/month +tax (approximately 840/year); Furnace/AC $72.75/month +tax (approximately $873/year). Buyer to assume rental contracts if applicable.(Buyouts as of OCT2025 Water heater 1,263+tax, Furnace/AC 1263+tax)
Mortgage calculator
Estimated mortgage payment
$1,638 per month
- Principal and interest
- $1,638
- Property tax
- $178
- Condo fees
- $0
- Estimated monthly cost
- $1,817
Your mortgage
- Mortgage amount
- $296,000
- Mortgage insurance
- Not needed
- Interest over 25 years
- $195,484
Cash to close
- Down payment
- $74,000
- Land transfer tax
- $4,025
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $78,025
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
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