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:4069)
Address
812 Main St.
List Price
$569,000
Property Type
Single Family
Type of Dwelling
House
Style of Home
Character
Area
Prince Edward Island
Sub-Area
Cornwall
Bedrooms
4
Bathrooms
4
Floor Area
2,613 Sq. Ft.
Lot Size
0.25 Sq. Ft.
MLS® Number
202504313
Listing Brokerage
HOMELIFE P.E.I. REALTY INC.
Postal Code
C0A1H0
Features
Paved driveway
