231 Louisa Street, Cornwall, Ontario K6H 4P9

Listed for:
$749,900
9 beds
5 baths
Listed 5 days ago
Other for rent: 231 Louisa Street, Cornwall, Ontario K6H 4P9

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About

Cross Streets: Montreal Rd & Walton St. ** Directions: Starting from Walton st, Head south onto Louisa St, property is on the west side. 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. (id:27476)

Property Highlights

MLS® Number
X13178748
Type
Multi-family
Community Name
717 - Cornwall
Land Size
50 x 90 FT
Parking Space Total
3

Building

Building Type
Other
Storeys
2.00
Square Footage
3000 - 3500 sqft
Bathrooms Total
5
Bedrooms Above Ground
9
Bedrooms Total
9
Exterior Finish
Vinyl siding
Fireplace Present
No
Basement Type
Full (Unfinished)
Basement Features
Building Heating Type
Baseboard heaters
Heating Fuel
Electric, Natural gas
Building Cooling Type
None

Utilities

Water
Municipal water
Utility Sewer
Sanitary sewer

Location

Learn more about this property
Listing provided by:
RE/MAX AFFILIATES MARQUIS LTD.
MLS® number:
X13178748
Agent:
Taylor Gingras
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