Ridley Avenue

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Listing Description

A rare investment opportunity. Purpose-built 6-plex ideally located near downtown Cornwall on a quiet, low-traffic street. This fully rented property offers immediate income with strong potential for future growth, making it an excellent addition to any investment portfolio.The building has been well maintained over the years and generates additional revenue through a coin-operated laundry system. Each unit includes its own parking space, along with two visitor parking spots for added convenience.Two units were fully renovated in 2025 and are achieving top market rents, while the remaining units have seen various updates over time. The building is entirely carpet-free, appealing to both tenants and investors alike.Notable upgrades include front windows (2008-2009), back porch windows (2022), owned hot water tanks (most replaced between 2020-2024), and significant exterior improvements including back porch posts and concrete wall replacement (2025). Additional features include a video intercom system installed in 2023 and four CCTV cameras added in 2024. The coin-operated laundry machines were also replaced in 2024.A solid, income-generating property with reliable tenancy and room to grow - an opportunity you won't want to miss. Please allow 24 business hours irrevocable on all offers. PLS NOTE that Realm & Realtor do not properly display the buildings units. This is a 6 unit building with each unit having 2 bedrooms, living room, dining room, and a 4 pc bathroom.