320 Gleeson Avenue, Cornwall, Ontario K6J 1E3 is For Sale and has a listing price of 1,195,000. The property is located in the Cornwall neighbourhood . It's been on the website for 80 Days.
MOTIVATED SELLER !!! 9 PLEX FOR SALE IN THE GROWING CORNWALL RENTAL MARKET!!! NINE UNIT APARTMENT BUILDING, UPDATED AND SPACIOUS UNITS (APPROXIMATELY 1000 SQUARE FEET) IN A NICE AREA OF THE CITY. GOOD PARKING AND EXTRA INCOME FROM COIN OPERATED LAUNDRY ROOM. THE BUILDING SHOWS VERY WELL WITH LOTS OF PARKING IN FRONT OF THE BUILDING. MIN. 24 HOUR NOTICE FOR SHOWINGS.GROSS AND NET INCOME IS BASED ON FULLY OCCUPANCY Total of 8-two bedrm units plus 1-one bedrm unit. Upgrades done last 2 years:- (Full New Roof- ) Renovated Unit 2,4,6,8- Unit 6 Extensive Renovation- Unit 1 Bathroom Overhaul and full Renovation of the unit. Painting and flooring updated in some units too- Newly Painted common areas in full building- Upgraded all electric panels from fuses to break panels.In the building Sewer Lateral Replacement – Brant New.Outdoor shed Removal.Front entrance is repainted..Currently close to a 6 % cap rate with some units way below market rent levels! Tons of potential! One of the Seller is Registered Real Estate Salesperson.
| List Date | MLS ID | List Price | Status | End Date | Closed Price |
|---|---|---|---|---|---|
| 10/10/2025 | X12457460 | $1,195,000 | For Sale | - | - |
| 08/12/2025 | X12340649 | $1,285,900 | For Sale | - | - |
