Attention Investors! An excellent opportunity to add a versatile income-generating property to your investment portfolio! Welcome to 127 Gardner Street, ideally situated just steps from local parks and the St. Lawrence River, with convenient access to St. Lawrence College and everyday amenities, mak...ing it an attractive location for tenants and students alike.This triplex, complete with an additional basement in-law suite, offers multiple income streams and excellent flexibility for both investors and owner-occupants. The spacious main-floor unit is currently vacant and was previously rented for $1,800/month, featuring one bedroom, a den, and additional living space in the bright solarium. The vacant basement in-law suite offers a comfortable one-bedroom layout and previously generated $1,400/month. Upstairs, you'll find two occupied units: a one-bedroom apartment currently rented for $824/month, and a bachelor apartment generating $800/month.Currently generating $19,488 in annual gross rental income from just two occupied units, this property offers significant potential for increased cash flow. By renting the two vacant units at their previous rental rates, the property could generate an impressive $4,824/month or $57,888 annually in gross rental income, before expenses.Additional features include one parking space per unit, three 5' x 5' tenant storage lockers, and a spacious 18' x 12' shed offering potential for additional rental income or convenient owner storage.Whether you're looking to expand your investment portfolio, capitalize on the opportunity to increase rental income, or occupy one of the vacant units while having rental income help offset your living expenses, 127 Gardner Street is an opportunity worth exploring! Minimum 24 hours' notice required for all showings. As per Form 244, all offers must contain a 24-hour irrevocable clause.
Full Property Details
Interior
Bedrooms
3
Bedrooms Plus
1
Total Bedrooms
4
Washrooms
4
Square Footage
2000-2500 sqft
Basement
Apartment,Finished
Heating Source
Electric
Heating Fuel
Baseboard
Air Conditioning
Central Air
Family Room
No
Kitchens
4
Total Kitchens
4
Fireplace Features
No
Bedrooms
3
Bedrooms Plus
1
Total Bedrooms
4
Washrooms
4
Square Footage
2000-2500 sqft
Basement
Apartment,Finished
Heating Source
Electric
Heating Fuel
Baseboard
Air Conditioning
Central Air
Family Room
No
Kitchens
4
Total Kitchens
4
Fireplace Features
No
Exterior
Depth
130.0
Front
50.0
Driveway
Private
Lot Size
50 x 130.0 ft
Pool
None
Parking Spaces
4
Total Parking Spaces
4.00
Parking Description
None
Garage Spaces
0
Depth
130.0
Front
50.0
Driveway
Private
Lot Size
50 x 130.0 ft
Pool
None
Parking Spaces
4
Total Parking Spaces
4.00
Parking Description
None
Garage Spaces
0
Building Description
Style
2-Storey
Home Type
Apartment
Subtype
Triplex
Property Orientation
East
Exterior Finish
Stone,Aluminum Siding
Sewers
Sewer
Water Supply
Municipal
Possession Date
No Data
Style
2-Storey
Home Type
Apartment
Subtype
Triplex
Property Orientation
East
Exterior Finish
Stone,Aluminum Siding
Sewers
Sewer
Water Supply
Municipal
Possession Date
No Data
Community
Community
Cornwall
Community
Cornwall
Taxes & Fees
Taxes
$3,935 /yr
Tax Year
2026
Occupancy
Tenant
Taxes
$3,935 /yr
Tax Year
2026
Occupancy
Tenant
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