When I fell a tree 1/2 of the wood does not need splitting. I don't know your situation but I like to think of how many logs that actually need splitting instead of saying a cord.
The definition of occasional use for me is 30 to 40 logs less than 14" diameter twice a year. I had a 3 pt wood splitter but each time I needed to split wood, taking an implement off, putting on the wood splitter, taking it back off, I figured I could do it faster with an axe. I ended up selling the 3 point splitter (never used) and buying a 5 ton electric splitter from Harbor Freight. Just the right fit for me. You are a lot further North than me and your occasional may be defined differently. If you can estimate how many and size of logs you will be splitting per year, hopefully the advice given here will be sound.
The smaller splitter also takes up a small footprint of storage for 99.9% of the year.