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Investment Highlights

  • 100% owner financing available for qualified buyers
  • Strong income profile at conservative $21,900 gross annual rent
  • Great treetop views even from FL1 apartment thanks to the hill
  • Attractive seller terms: 12 year, fully amortizing, 5% interest for full-price offers
  • Fully separate utilities for investor-friendly operation
  • Value-add potential of unfinished walk-out basement plus sub-basement space (subject to buyer due diligence)

Executive Summary

Fully financed duplex in investor-friendly Corning location. 100% owner financing available for qualified buyers, or bring an all-cash offer (or any mix of cash and financing). Seller-finance terms for full-price offers: 12-year, fully amortizing note at 5% interest, secured by the property.
This 2-unit property in Corning’s South Hill neighborhood features completely separate utilities for each apartment and convenient access to Market Street and downtown amenities. Upstairs unit (FL2) is a long-term tenant who pays all their own utilities; downstairs unit (FL1) was just renovated and is ready for a new tenant, giving buyers both stable income and immediate lease-up potential. Each apartment offers 2 bedrooms, living room, kitchen, bath, and private outdoor space.
FL1 entry is via exterior steps from the sidewalk to a private front patio, with a roomy foyer, 2 bedrooms, living room, large eat-in kitchen, and fully renovated bath. FL2 entry is up a ramp from the sidewalk to a private covered front porch, with 2 bedrooms, living room, kitchen, and bath. The lot runs through to Brown Street, where tenants can park, and zoning is R-2 (moderate-density residential). Basement has walk-out, on-grade access; buyers should consult an architect or engineer about potential conversion to additional living space for FL1. There is also a sub-basement level with no current access, offering future value-add possibilities for the right investor.

Financial Summary (Pro Forma - 2026) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro Forma - 2026) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual $99,999
Annual Per SF $9.99
Vacancy Loss (CAD)
Annual $99,999
Annual Per SF $9.99
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $140,365 CAD
Price Per Unit $70,182 CAD
Sale Type Investment
Cap Rate 14.70%
Gross Rent Multiplier 4.53
No. Units 2
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.10 AC
Building Size 1,621 SF
Average Occupancy 50%
No. Stories 2
Year Built/Renovated 1900/2026
Parking Ratio 1.23/1,000 SF
Zoning R2 - R-2 Residential Moderate Density zone per Corning records Buyers to verify permitted uses, expansions, etc w/the City & their own zoning professionals

Amenities

  • Smoke Detector

Unit Amenities

  • Cable Ready
  • Carpet
  • Patio
  • Porch
  • Vinyl Flooring
  • Large Bedrooms

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 2 $1,287 CAD 685 - 935
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
460300-317-043-0001-004-000
Land Assessment
$13,684 CAD (2025)
Improvements Assessment
$92,119 CAD (2025)
Total Assessment
$105,802 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
  • Listing ID: 41378869

  • Date on Market: 2026-07-21

  • Last Updated:

  • Address: 291 Sunset Dr, Corning, NY 14830

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