Innovative Realty Inc.

Brokerage

Kannan Panchalingam

Direct : (647) 928-8889

kannanhomes@yahoo.com

341 New Street, Edwardsburgh/Cardinal, ON K0E 1E0 (New St & John St)
$ 600000 - MLS : X12819832

From Our Gallery

Description

Discover a rare and remarkable investment opportunity with this fully tenanted, well-maintained solid 4-plex, ideally located just two blocks from the scenic St. Lawrence River in the charming community of Cardinal.This property delivers impressive cash flow and features four well-appointed units-two generous 2-bedroom suites and two inviting 1-bedroom units. Each tenant enjoys the convenience of separately metered hydro, in-unit laundry, and their own fenced backyard, offering a blend of comfort and privacy rarely found in multi-unit buildings.Adding even more value, the property includes four individual storage units, perfect for seasonal items or additional tenant needs. There's also ample parking for all residents.With its strong rental demand, thoughtful layout, and prime location, this 4-plex stands out as an investment with long-term upside. Whether you're expanding your portfolio or stepping into multifamily ownership, this property checks all the boxes for a smart, reliable, and high-yield asset with over 9% cap rate.

Location Description

New St & John St

Property Detail

Community: 806 - Town of Cardinal
Property Type: Tenant/Residential Freehold
Bedrooms: 6
Bath: 4
Garages: None
Annual Property Taxes : $ 3184.2

Lot dimensions: sqft
Baths:

Facts and Features

Foundation Type: Slab
Counstruction Material : Vinyl Siding
Total Parking Space : 6
Parking Type : None

Amenities

Heating : BaseboardElectric
Sewer : Sewer ,

Listing Contracted With: REAL BROKER ONTARIO LTD.

Kannan Panchalingam

Sales Representative

( 5 Reviews )

While I like to think that real estate is in my blood, shameless self-promotion is not. Unfortunately, that's part of the business so here's the painful bit about who I am and what makes me tick. The Toronto region has been my home all my life, and I love this area.

kannanhomes@yahoo.com

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