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$ 749,900
Est. payment /mo
New
231 Louisa ST Cornwall, ON K6H 4P9
9 Beds
5 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3000-3500
Subdivision 717 - Cornwall
MLS Listing ID X13178748
Style 2-Storey
Bedrooms 9
Annual Tax Amount $1,662
Tax Year 2025
Property Sub-Type Multiplex
Property 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.
Location
Province ON
County Stormont, Dundas And Glengarry
Area Stormont, Dundas And Glengarry
Rooms
Family Room No
Basement Full, Unfinished
Kitchen 5
Interior
Interior Features Sump Pump
Cooling None
Fireplace No
Heat Source Electric
Exterior
Pool None
Roof Type Membrane
Lot Frontage 50.0
Lot Depth 90.0
Total Parking Spaces 3
Building
Foundation Block
Others
ParcelsYN No
Listed by RE/MAX AFFILIATES MARQUIS LTD.