Price ChangeFor Sale

231 Louisa Street
Cornwall, Stormont, Dundas and Glengarry, ON, K6H 4P9

Multiplex
TRREB
MLS® Number: X13178748
Estimated Value
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$714,900List Price
9Bedrooms
5Bathrooms
0Garages
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Current valuation for 231 Louisa Street, Cornwall, ON K6H 4P9. Listed for $714,900 on 2026-11-02

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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.

Features

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Amenities

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Summary

Tax:$1,662 / 2025
Listing #:X13178748
Property Type:Multiplex, 2-Storey
Size:3000-3500 feet²
Land Size:50 x 90
Days on CPRB:
Garage:None
Locker:None
On CPRB Since:
Listing Brokerage:RE/MAX AFFILIATES MARQUIS LTD.

Rooms

Details

Property

Property Type:Multiplex
Style:2-Storey
Community:717 - Cornwall
Municipality:Stormont, Dundas and Glengarry

Building

Size:3000-3500 feet²
Construction:Vinyl Siding

Inside

Bedrooms:9
Bedrooms Above Grade:9
Bathrooms:5
Kitchens:5
Family Room:No
Appliances Included:Sump Pump
Basement:Full, Unfinished

Parking

Garage Type:None
Garage Spaces:0
Total Parking Spaces:3

Utilities

Cooling:None
Heating Type:Baseboard
Heating Fuel:Electric
Utility Sewer:Sewer

Land

Cross Street:Montreal Rd & Walton St

$714,900

List price

231 Louisa Street, Cornwall – 9 bed Multiplex for sale · MLS® # X13178748 | CPRB