$699,900
157/157A WOODLAND DRIVE
Beds
4
Baths
4
Sqft
—
Year
—
Type
Multi-family
Suite
Suite potential
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Cornwall. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Currently under construction, this purpose-built semi-detached duplex is an exceptional opportunity for investors seeking strong, stable rental income. Projected rents are approximately $2,200 + utilities for the upper unit and $2,000 + utilities for the lower unit. This spacious raised bungalow offers roughly 1,300 sq ft on each level. The main floor features 2 generous bedrooms, 2 full bathrooms, an open-concept kitchen and living space, engineered hardwood flooring, in-suite laundry, plus 1 garage and 1 driveway parking space. The lower level is fully self-contained with a separate entrance, oversized windows, and a nearly identical 1,300 sq ft layout, including 2 bedrooms, 2 full bathrooms, a full kitchen, laundry, and durable waterproof vinyl flooring, along with dedicated driveway parking. Each unit is independently equipped with separate civic addresses, utility meters, furnaces, A/C units, and tankless water heaters-ideal for tenant privacy and simplified management. Upgraded finishes include quartz countertops in kitchens and bathrooms, and hardwood staircases. The builder will complete exterior features such as eavestroughs, a paved driveway, sodded front and rear yards, a pressure-treated deck, and all essential plumbing and electrical fixtures.Flexible closing available. Images shown are from a comparable property built by the same builder. (id:65958)
- Subtype
- Multi-family
- Architectural style
- Raised bungalow
- Structure
- Duplex
- Community
- 717 - Cornwall
- Lot dimensions
- 30 x 115 FT
- Bedrooms
- 2 above grade, 2 below grade
- Parking
- 3 total
- Stories
- 1
- On market
- Apr 29, 2026
- Status changed
- Apr 29, 2026
- Annual tax
- $1
- Photos
- 16
- MLS#
- X13055740
- Area
- CORNWALL
Features and systems
Parking
Basement
Appliances
Heating
Cooling
Exterior
Foundation
Cash on cash
-6.75%
Cap rate
3.51%
GRM
16.7
Break-even rent
$4,329
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Cornwall. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 29, 2026.