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    For Sale - 231 Louisa Street, Cornwall, Ontario

    Est payment $3,433/mo
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    Views   2
    Time on Jump  150 day

    AI Summary *

    • Fully tenanted 5-plex generating approximately $81,000 in gross annual income.
    • Attractive 8% cap rate for solid returns from day one.
    • Five self-contained units with established tenants for dependable revenue.
    • Conveniently located near shopping, schools, and public transit.
    • Great opportunity for both new and experienced investors in multi-family market.




    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.
    Listing IDX13178748
    Address231 Louisa Street
    CityCornwall, Ontario
    Price$714,900
    Bed / Bath9 / 5 Full
    Style2-Storey, Multiplex
    ConstructionVinyl Siding
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features Sump PumpOwnership FreeholdBasement Full, UnfinishedFoundation BlockHeating / Cooling BaseboardHeating Fuel ElectricSewer Sewer

    Parking 3.00
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    Listing Brokerage: RE/MAX AFFILIATES MARQUIS LTD.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    231 Louisa Street
    Cornwall , Ontario
    9 5 $714,900
    Get more info