140 Belmont Street Cornwall, Ontario K6H 4Z3

$311,900

This updated 3-bedroom character home is an excellent opportunity for both investors and future homeowners. A vetted tenant is scheduled to take occupancy in mid-August at $2,100 per month plus utilities, providing immediate rental income and making this an attractive investment opportunity with an approximate 7% capitalization rate based on current financial information. Ideally located close to many of the city's amenities and just 500 metres from St. Lawrence College, the property is also well positioned for future appreciation and continued rental demand. The scenic St. Lawrence River, parks, and recreation are all just minutes away. Filled with character and charm, the home features beautiful wood floors and original trim throughout. The bright living room opens to the formal dining room, creating a comfortable and functional layout. Clever space-saving pocket doors lead to the custom kitchen, complete with granite countertops, maple cabinetry, a working island, wine fridge, indoor BBQ, two hood fans, and all included kitchen appliances. Convenient main-floor laundry adds to the home's practicality. Enjoy summer evenings from the covered cedar deck or relax in the enclosed back porch, providing additional seasonal living space. An attractive wood staircase leads to three generous second-floor bedrooms with ample closet space and an updated 4-piece bathroom featuring a clawfoot tub and subway-tiled shower. Additional updates include a gas furnace (2016), central air conditioning, cedar deck (2017), paved driveway (2021), new glass inserts in all upstairs windows, and roof shingles (2011). An attached garage provides convenient parking and additional storage. As per Seller's direction, please allow 24-hour irrevocable on all offers. Allow 24-hour irrevocable on all offers. (id:15069)

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https://www.realtor.ca/real-estate/29775353/140-belmont-street-cornwall-717-cornwall