Homes for sale - 812 Main St., Cornwall C0A1H0

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Steve Throndson

steve@throndsonrealty.com +1(250) 919-3366

$569,000

Est. payment - /mo

4 Beds

4 Baths

0.25 Acres Lot

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Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Subdivision Cornwall

MLS® Listing ID 202504313

Style Character

Bedrooms 4

Half Baths 1

Originating Board Prince Edward Island Real Estate Association

Lot Size 10,890 Sqft

Acres 0.25

Property Sub-Type Freehold

Property Description

To drive by this charming home on Main Street in Cornwall one would think, incorrectly, that this was a typical bungalow that you would see throughout this quiet community. The reality is that both the main floor and the basement level have been completely refurbished to accommodate the discerning Airbnb clientele. It would be terrific for a large family or someone who entertains a lot of visitors from away. With four large bedrooms(not including the small office/kids room ) there is plenty room for everyone. It's even better for a multiple family situation (think in-law's) or a mortgage busting rent one level and live in the other arrangement. Looking at this property as an Airbnb business based on the following estimated rental incomes the new owner can expect total annual revenue to be in the neighborhood of $93,000. This estimate is based on the top unit rented at $275 per night and the lower unit at $175 per night. June-September (4 months at 90% occupancy, remaining months at 40% occupancy). ( this may be low as the downstairs was rented last summer for the same as upstairs because of the office/bedroom with bunkbeds) All measurements provided are estimates and it is the responsibility of the purchaser to verify. In 2024 the owner rented out this home, with great success, through the Airbnb system. Besides the significant major upgrades he purchased over $30,000 worth of high quality furniture, linen, kitchen ware and many other home decorative products. He is willing to sell these directly to the purchaser at a significant discount. The laundry room is located on the main level in the shared entrance foyer. There is ample room for an additional laundry room on the basement level. Note: The listing price includes HST. Assuming the new owner has a HST number this built in cost can hopefully be recovered over time. (id:24570)

Rooms

Kitchen 2.0

Extra Room 1 Basement 23x13 Kitchen

Extra Room 2 Basement 12.6x16 Bedroom

Extra Room 3 Basement 12x12 Bedroom

Extra Room 4 Basement 10x10 Bath (# pieces 1-6)

Extra Room 5 Basement 7x8 Den

Extra Room 6 Basement 8x8/4x4 Storage

Interior

Heating Wall Mounted Heat Pump, Radiant heat,

Flooring Ceramic Tile, Hardwood, Laminate

Exterior

Parking Features Yes

View Y/N No

Private Pool No

Building

Sewer Municipal sewage system

Architectural Style Character

Others

Ownership Freehold

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Listed by HOMELIFE P.E.I. REALTY INC.

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Steve Throndson

+1(250) 919-3366

Agent

812 Main St. Cornwall, C0A1H0

Steve Throndson

Key Details

Rooms

Interior

Exterior

Building

Others

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812 Main St.