Gurvinder Nokwal REALTOR®
For Sale Multiplex 145 days on market

$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
Map

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

Minimum for this price: $46,490 (6.5%)

Amortization, years

Estimated mortgage payment

$3,165 per month

Principal and interest
$3,165
Property tax
$139
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
Total, before legal fees
$153,753
Talk to me about financing

Estimates 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

231 Louisa Street, Cornwall, ON K6H 4P9 717 - Cornwall, Cornwall, ON K6H 4P9
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$714,900 231 Louisa Street, Cornwall, ON K6H 4P9
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