$499,900
Est. payment $2,213/moCalculate yours
1316 Cumberland Street, Cornwall, ON K6J 4K7
717 - Cornwall, Cornwall, ON K6J 4K7
- 6 Beds
- 4 Baths
- 1,500 Sq Ft
Listing courtesy of RE/MAX AFFILIATES MARQUIS LTD. MLS® X13769134
About this home
1316 Cumberland Street is a strong income producing fourplex bringing in approximately $53,556 in annual rental income with an estimated NOI of $38,488. At the current asking price, that works out to an impressive 7.7% cap rate and approximately 12% cash-on-cash ROI (Approx figures. Actual rates, expenses and returns may vary) Add in a metal roof and a ton of parking in the rear - a huge advantage for a multi-unit property, and you’ve got an investment built for strong cash flow today with long-term potential. Four units. Great income. High cash flow. This one deserves a spot in your portfolio. Reach out now for income/expense breakdown.
Property details
Overview
- Property Type
- Fourplex
- Style
- 2-Storey
- For
- For Sale
- Status
- New
- Size
- 1,500 sqft
Interior
- Bedrooms
- 6
- Bathrooms
- 4
- Kitchens
- 4
- Basement
- Unfinished
Building & Systems
- Heating
- Baseboard (Electric)
- Cooling
- None
- Exterior
- Vinyl Siding
- Foundation
- Concrete
- Roof
- Metal
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 50 x 100 Feet
- Parking
- None garage · 4 total
Financial
- Property Taxes
- $3,169 (2026)
Location
- Neighbourhood
- 717 - Cornwall
- Cross Street
- Cumberland and Thirteenth
- Direction Faces
- West
Listing
- MLS® Number
- X13769134
- Days on Market
- 38
- Listed On
- 2026-09-10
- Possession
- Flexible
- Listed By
- RE/MAX AFFILIATES MARQUIS LTD.
Features
Interior
- Other
Pool
- None
Mortgage calculator
Estimated mortgage payment
$2,213 per month
- Principal and interest
- $2,213
- Property tax
- $264
- Condo fees
- $0
- Estimated monthly cost
- $2,478
Your mortgage
- Mortgage amount
- $399,920
- Mortgage insurance
- Not needed
- Interest over 25 years
- $264,115
Cash to close
- Down payment
- $99,980
- Land transfer tax
- $6,473
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $106,453
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
This photo could not be loaded.