231 Louisa Street, Cornwall, ON K6H 4P9
Cornwall, ON, K6H 4P9 · 717 - Cornwall
About this property
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.
Features & Amenities
- Basement: Full, Unfinished
- Garage: None
- Cooling: None
- Heat Type: Baseboard
- Heat Source: Electric
- Style: 2-Storey
- Construction: Vinyl Siding
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Multiplex |
| Architectural Style | 2-Storey |
| Bedrooms | 9 |
| Bathrooms | 5 |
| Basement | Full, Unfinished |
| Garage | None |
| Heat Type | Baseboard |
| Heat Source | Electric |
| Cooling | None |
| Sewer | Sewer |
| Annual Tax | $1,662 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Sump Pump
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 2-Storey
- Construction Materials
- Vinyl Siding
- Foundation Details
- Block
- Roof
- Membrane
- Basement
- Full, Unfinished
Heating & Cooling
- Heat Type
- Baseboard
- Heat Source
- Electric
- Cooling
- None
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 0
- Parking Total
- 3.00
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 90.00
- Lot Width
- 50.00
Financial & Tax
- Tax Annual Amount
- $1,662
- Tax Year
- 2025
- Possession Type
- Flexible
- Possession Details
- TBA
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 24
- Kitchens Above Grade
- 5
- Kitchens Total
- 5
- Bedrooms Above Grade
- 9
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- West
- County Or Parish
- Stormont, Dundas and Glengarry
- Cross Street
- Montreal Rd & Walton St
- Directions
- Starting from Walton st, Head south onto Louisa St, property is on the west side.
- Special Designation
- Unknown
- Showing Requirements
- Showing System
Location
231 Louisa Street, Cornwall, ON K6H 4P9, Cornwall, ON, K6H 4P9