$730,000
↓ $34,900 from $764,900
Est. payment $3,232/moCalculate yours
225 Louisa Street, Cornwall, ON K6H 4P9
717 - Cornwall, Cornwall, ON K6H 4P9
- 11 Beds
- 6 Baths
- 3,500 Sq Ft
Listing courtesy of RE/MAX AFFILIATES MARQUIS LTD. MLS® X13192728
About this home
Rare opportunity to acquire a fully tenanted 6-unit income property offering strong cash flow and excellent long-term investment potential. Featuring a desirable mix of spacious 1, 2, and 3-bedroom units, this property provides broad tenant appeal and reliable rental stability. The building currently generates $75,519.12 in gross annual rental income, with annual operating expenses of $21,282, resulting in an estimated Net Operating Income (NOI) of $54,237.12. Several units offer all-inclusive living, contributing to strong tenant retention and consistent occupancy. Conveniently located close to St. Lawrence College, public transit, shopping, and other amenities, this income-producing property presents an excellent opportunity for investors seeking stable returns, consistent income performance, and future growth potential. Minimum 24-hour notice required for all showings. Please allow 48-hour irrevocable on all offers.
Property details
Overview
- Property Type
- Multiplex
- Style
- 2-Storey
- For
- For Sale
- Status
- Price Change
- Size
- 3,500 sqft
Interior
- Bedrooms
- 11
- Bathrooms
- 6
- Kitchens
- 6
- Basement
- Full, Partially Finished
Building & Systems
- Heating
- Baseboard (Electric)
- Cooling
- None
- Exterior
- Wood
- Foundation
- Concrete
- Roof
- Shingles
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 50 x 90 Feet
- Parking
- None garage · 4 total
Financial
- Property Taxes
- $4,623 (2025)
Location
- Neighbourhood
- 717 - Cornwall
- Cross Street
- Montreal rd and Walton St.
- Direction Faces
- West
Listing
- MLS® Number
- X13192728
- Days on Market
- 144
- Listed On
- 2026-05-27
- Possession
- TBA
- Listed By
- RE/MAX AFFILIATES MARQUIS LTD.
Features
Interior
- None
Pool
- None
- Excluded
- Tenant belongings.
Mortgage calculator
Estimated mortgage payment
$3,232 per month
- Principal and interest
- $3,232
- Property tax
- $385
- Condo fees
- $0
- Estimated monthly cost
- $3,618
Your mortgage
- Mortgage amount
- $584,000
- Mortgage insurance
- Not needed
- Interest over 25 years
- $385,685
Cash to close
- Down payment
- $146,000
- Land transfer tax
- $11,075
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $157,075
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
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