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127 Gardner Avenue in Cornwall for sale

Asking price
$525,000
Estimate (Nov 05)
$495,000
MLS #:
X14154482
Type:
Triplex, 2-Storey
Approx. SQFT:
2000-2500
Basement:
Apartment, Finished
3+1 3+1
50 x 130 ft lot
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, making 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.

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  • Date Listed: Thursday, November 05, 2026
  • Listing Brokerage: Re/Max Affiliates Marquis Ltd. - Disclaimer: The information contained in this listing has not been verified by Re/Max Affiliates Marquis Ltd. and should be verified by the buyer.
  • City: Cornwall

    More 3 bedrooms homes for sale in Cornwall

  • Neighbourhood: Cornwall
  • Major Intersection: Gardner Ave and Easton Ave
  • Full Address: 127 Gardner Avenue, Cornwall, K6H 5H5, Canada, ON, Canada
  • Amenities:
  • Taxes: $3,935.00 (2026)

WHAT'S YOUR HOME WORTH?

Click here to get an instant estimate and track its value over time.