231 Louisa Street,Cornwall, ON K6H4P9
Cornwall, ON K6H4P9
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. (id:13843)
Details
| MLS # | X13178748 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 158 |
| Listing Provided By | RE/MAX AFFILIATES MARQUIS LTD. | TAYLOR GINGRAS |
Features
| Bed(s) | 9 |
|---|---|
| Bath(s) | 5 Total |
| SQ Feet | 3,000 |
| Basement | Y |
| Story(s) | 2 |
Interior
| Cooling | None |
|---|---|
| Heating | Baseboard heaters, Electric, Natural gas |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Sump Pump |
|---|---|
| Foundation Details | Block |
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 3 |
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 1662 |
|---|---|
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| City | Cornwall |
| Postal Code | K6H4P9 |
| Listing VS Median (in K6H4P9) | |
Price: $714,900 low | high Med: $722,450 sqft: 3,000 low | high Med: 3,250 $ / sqft: $238 low | high Med: $223 On site: 158 low | high Med: 158 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Cornwall |
| Postal Code | K6H4P9 |
| Listing VS Median (in K6H4P9) | |
Price: $714,900 low | high Med: $722,450 sqft: 3,000 low | high Med: 3,250 $ / sqft: $238 low | high Med: $223 On site: 158 low | high Med: 158 | |
