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Investment signal

$425,000

230 ALICE STREET

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Beds

Baths

Sqft

—

Year

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Type

Multi-family

Suite

Investment signal

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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

This fully furnished, income-generating duplex is now on the market; a true cash-flow machine that shows real pride of ownership. Located just steps from St. Lawrence College, restaurants, and shopping, it's perfectly positioned for steady rental demand. Inside, you'll find recently renovated kitchens and bathrooms, along with updated tile and laminate flooring throughout. Each level features front covered balconies and large enclosed back porches, plus a fully fenced yard. The garage and oversized driveway easily fit up to 7 vehicles. The main floor is heated by a forced-air gas furnace (2014), while the upper level runs on electric baseboards and a supplemental electric heater. Two owned gas hot water tanks service the building. Currently rented by the room, this property generates $4,800/month ($57,600 annually, all inclusive of utilities and internet). A turnkey investment opportunity with strong income from day one. (id:65958)

Subtype: Multi-family
Structure: Duplex
Community: 717 - Cornwall
Lot dimensions: 50 x 120 FT
Bedrooms: 7 above grade, 1 below grade
Parking: 7 total
Stories: 2
On market: Jan 30, 2026
Status changed: Apr 24, 2026
Annual tax: $2,292.71
Photos: 40
MLS#: X12743098
Area: CORNWALL

Features and systems

Parking

Detached GarageGarage

Basement

Partially finishedFull

Appliances

WasherStoveDryerMicrowaveHood Fan

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Aluminum siding

Foundation

Poured Concrete

Positive cash flow ~$606/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

8.56%

Cap rate

6.58%

GRM

10.7

Break-even rent

$2,662

Financing

Down payment$85,000

Loan amount$340,000

Mortgage$1,723/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$195

Insurance$80

Maintenance$354

CapEx reserve$177

Vacancy loss$165

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.

Mortgage estimate

Estimated $1,723/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.