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Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

 

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$749,900
Available - For Sale
Listing ID: X13178748
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.
Price $749,900
Taxes: $1,662
Assessment Year: 2025
Occupancy by: Tenant
Address: 231 Louisa Street , Cornwall, K6H 4P9, Stormont, Dundas
Directions/Cross Streets: Montreal Rd & Walton St
Rooms: 24
Bedrooms: 9
Bedrooms +: 0
Washrooms: 5
Family Room: F
Basement: Full
Unfinished
No. of Pieces Level
Washroom 1:  4
Washroom 2:  3
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Property Type: Multiplex
Style: 2-Storey
Exterior: Vinyl Siding
Garage Type: None
Drive Parking Spaces: 0
Pool: None
Approximatly Square Footage: 3000-3500
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Baseboard
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX AFFILIATES MARQUIS LTD.

231 Louisa Street , Cornwall, K6H 4P9, Stormont, Dundas

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Maria Tompson
Sales Representative
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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At a Glance:
Type: Freehold - Multiplex
Area: Stormont, Dundas and Glengarry
Municipality: Cornwall
Neighbourhood: 717 - Cornwall
Style: 2-Storey
Lot Size: x 90.00(Feet)
Approximate Age:
Tax: $1,662
Maintenance Fee: $0
Beds: 9
Baths: 5
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854 Personal Pic
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