219 Lemay Street, Cornwall

$319,000
219 Lemay Street

$319,000

New
3d
Att/Row/Townhouse2-Storey

219 Lemay Street, Cornwall

Total Monthly Obligation $1,867

HausQ Valuation Report
Beds
2
Baths
1
Park
2
Sqft
700-1100
DOM
3d
Score
57
Yield
9.6%
Cash on Cash
16.2%
Cap Rate
8.1%
5Y IRR
28.8%
10Y IRR
25.9%
Property Type-Att/Row/Townhouse
MLS® Number-X14099946
Beds-2
Bathrooms-1
Size-700-1100 sqft
Lot Size-16.02 × 124.85 ft
Listed on site-Oct 20, 2026
Style-2-Storey
Building Type-Att/Row/Townhouse
Taxes-$2,467 (2026)
Parking-2 - None
Basement-Full, Unfinished
Heating-Baseboard (Electric)
Brokerage-EXIT REALTY SEAWAY
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick Front, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Immediate
Neighbourhood-717 - Cornwall
Title-Residential Freehold

No agent assigned

A great opportunity to enter the housing market without the expense or work of renovating! This attractive 2-storey, 2-bedroom townhouse, built in 1993, is located in Cornwall's desirable north end and has been beautifully refreshed throughout. Extensive updates completed in October 2026 include new flooring, an updated kitchen, bathroom improvements and fresh paint throughout. Enjoy the feeling of moving into a new home without the big price tag! The second level offers two bedrooms and a full family bathroom. The unspoiled basement is a blank canvas awaiting your imagination, with plenty of potential for additional living space to suit your needs. Situated on a lot measuring an impressive 124.85 feet deep, the property also offers paved parking for two vehicles. Location is another great feature! Adams Park, with its wonderful children's play structure, is nearby, as is Optimist Park, offering a variety of recreational activities for all ages. Whether you're a first-time buyer, looking to downsize or simply wanting a home that's ready to enjoy, this townhouse is an excellent opportunity. Move in, unpack and enjoy your new home without the worry of taking on renovations!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$255,200
Land Transfer Taxes$3,260
Legal Fees (Est.)
$
Total cash required for closing$68,560

Total Monthly Obligation

$1,867/mo
Mortgage $1,287
Monthly Loss $1,529
Principal$339
Interest$948
Property Tax$206
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
6.4%56
Cash-on-Cash
7.5%35
5-Year IRR
21.9%95
10-Year IRR
20.4%
Returns Index
63.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeB
57/ 100
Fair•Hold / Negotiate

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$30,600/yr
NOI
$20,573/yr
Net Cash Flow
$428/mo
Cash Margin
16.8%59
Cash Flow Index
58.8/ 100
Risk Profile
Weight: 20%
DSCR
1.3358
LTV Ratio
80.0%18
Vacancy Buffer
5.0 mo83
Risk Index
53.3/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 219 Lemay Street

Time

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