PRICE CHANGE
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$714,900See Homsy estimate →
231 Louisa StreetCornwall, Cornwall, ON K6H 4P9 · Sale · MLS® X13178748
9Bedrooms
5Bathrooms
3000-3500Sq ft
3Parking
$204–$238Per sq ft
About this home
The homeTaxes$1,662/yr
Price per sq ft$204–$238
PossessionTBA
All listing details
- Description
- Welcome to your next investment opportunity! This fully tenanted 5-plex offers a rare combination of strong cash flow, reliable rental income, and long-term growth potential. Generating approximately $81,000 in gross annual income and an estimated 8% cap rate, this income-producing property is well positioned for investors seeking solid returns from day one. Comprised of five self-contained residential units with established tenants in place, the building provides dependable revenue while benefiting from continued demand for quality rental housing. Conveniently located close to shopping, schools, parks, public transit, and other everyday amenities, the property appeals to a wide range of tenants and supports long-term occupancy. Whether you're expanding an existing portfolio or entering the multi-family market, this 5-plex represents an excellent opportunity to acquire a well-performing asset with proven income and future upside potential. A minimum of 24 hours' notice is required for all showings. Please allow 48 hours irrevocable on all offers as per Form 244.
- Property type
- Multiplex
- Style
- 2-Storey
- Heating
- Baseboard
- Air conditioning
- None
- Basement
- Full, Unfinished
- Garage
- None
- Parking spaces
- 3
- Central vac
- N
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The area
AreaUnavailablewalk to transit
Unavailablegrocery stores within 1 km
Unavailablepublic schools within 1 km
Unavailableparks within 1 km
Price & listing history
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Homsy estimate
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Cost to own
CostKnown monthly carrying costs
$139 / month
Property tax$139
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Sold nearby
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