$714,900
↓ $35,000 from $749,900
Est. payment $3,165/moCalculate yours
231 Louisa Street, Cornwall, ON K6H 4P9
717 - Cornwall, Cornwall, ON K6H 4P9
- 9 Beds
- 5 Baths
- 3,000 Sq Ft
Listing courtesy of RE/MAX AFFILIATES MARQUIS LTD. MLS® X13178748
About this home
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 details
Overview
- Property Type
- Multiplex
- Style
- 2-Storey
- For
- For Sale
- Status
- Price Change
- Size
- 3,000 sqft
Interior
- Bedrooms
- 9
- Bathrooms
- 5
- Kitchens
- 5
- Basement
- Full, Unfinished
Building & Systems
- Heating
- Baseboard (Electric)
- Cooling
- None
- Exterior
- Vinyl Siding
- Foundation
- Block
- Roof
- Membrane
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 50 x 90 Feet
- Parking
- None garage · 3 total
Financial
- Property Taxes
- $1,662 (2025)
Location
- Neighbourhood
- 717 - Cornwall
- Cross Street
- Montreal Rd & Walton St
- Direction Faces
- West
Listing
- MLS® Number
- X13178748
- Days on Market
- 145
- Listed On
- 2026-05-26
- Possession
- TBA
- Listed By
- RE/MAX AFFILIATES MARQUIS LTD.
Features
Interior
- Sump Pump
Pool
- None
- Excluded
- Tenant Belongings
Mortgage calculator
Estimated mortgage payment
$3,165 per month
- Principal and interest
- $3,165
- Property tax
- $139
- Condo fees
- $0
- Estimated monthly cost
- $3,304
Your mortgage
- Mortgage amount
- $571,920
- Mortgage insurance
- Not needed
- Interest over 25 years
- $377,707
Cash to close
- Down payment
- $142,980
- Land transfer tax
- $10,773
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $153,753
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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