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302 Easton Avenue, Cornwall, ON K6H 1W9

4 beds · 2 baths · 2 kitchens · 6 rooms · 4 parking spaces · 1100-1500 sq ft · Duplex
$349,900
Property tax
$1,965 / year

A great opportunity to add a well-maintained, income-producing property to your investment portfolio. This up-and-down duplex features two spacious 2-bedroom, 1-bathroom units, both of which have undergone renovations and offer comfortable, functional living spaces. Both units are currently tenanted at strong market rates, providing established rental income from day one. Recent improvements throughout the property add to its appeal, including heat pumps providing efficient heating and cooling for both units. The convenient location is another major advantage, situated just one block from St. Lawrence College and close to grocery stores, public transit, the St. Lawrence River, and other everyday amenities. Whether you're expanding an existing portfolio or looking for your next income property, this updated and ideally located duplex offers a solid investment opportunity. Main floor unit $1,650/month utilities included. Upper unit $1,800/month utilities included. Approx. annual operating expenses $10,626.29. Approx. NOI $30,773.71.

MLS number
X13769996
Type
Duplex
Status
Active
Bedrooms
4
Bathrooms
2
Postal code
K6H 1W9
Photos
9
1days · this listing
1days · this property

This property has not been relisted in the last two years, so both counts are the same. Where they differ, the second adds up earlier listings at this address that ended without a sale.

Listing history

No previous listings found for this address.

Where this home is

Where this address sits, matched against open government data.

Matched to a published address point for this address.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
École secondaire publique L'Héritage
CÉP de l'Est de l'Ontario
Secondary414 m7.1 / 10
71% met the standard · 2 of 6 measures
École élémentaire publique L'Héritage
CÉP de l'Est de l'Ontario
Elementary474 mNot reported
École secondaire catholique La Citadelle
CSDC de l'Est ontarien
Secondary737 m7.9 / 10
79% met the standard · 2 of 6 measures
École intermédiaire catholique La Citadelle
CSDC de l'Est ontarien
Elementary924 mNot reported
St Lawrence Intermediate School
Upper Canada DSB
Elementary1.2 kmNot reported
St Lawrence Secondary School
Upper Canada DSB
Secondary1.2 km3.7 / 10
37% met the standard · 2 of 6 measures
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 326 people.

$42,400Median household income
30.6%Own their home
23.5%Detached houses
40.8Median age
5.8%Born outside Canada
6.7%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35010193 — the few blocks around this address, home to 326 people. It describes the area, not this property.

326Population
41.6Average age
1.9Household size
$49,600Average household income
$42,400Median household income
31%Own their home
69%Rent
0%Condominiums
6%Born outside Canada
7%University degree
$180,000Average home value
29%Low income
37%Never married
$10,000 to $14,9993%
$15,000 to $19,9999%
$20,000 to $24,9999%
$25,000 to $29,9999%
$30,000 to $34,99911%
$35,000 to $39,9996%
$40,000 to $44,9996%
$45,000 to $49,9996%
$50,000 to $59,99911%
$60,000 to $69,9999%
$70,000 to $79,9996%
$80,000 to $89,9993%
$100,000 and over9%
$100,000 to $124,9996%

Percentages are of the 175 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$69,980 · minimum here is $17,495
$1,549.28per month
Borrowed before insurance$279,920
Total borrowed$279,920
Interest over 25 years at 4.5%$184,864

If you rented it out

Monthly rent starts from a rule of thumb — two per cent of the asking price a year — because no comparable lease was found nearby. Change it to anything you like.

-$1,130.03per month out of pocket
Rent$583.00
Everything it costs to hold$1,713.03
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by RE/MAX AFFILIATES MARQUIS LTD.. Listing data provided by the Toronto Regional Real Estate Board.