231 LOUISA STREET
Cornwall, Ontario
MLS® X13178748
$749,900
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13178748
- Bedrooms
- 9
- Bathrooms
- 5
- Year built
- —
1 / 11Listing 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.
Property summary
- MLS® number
- X13178748
- Property type
- Multi-family
- Building type
- Other
- Land size
- 50 x 90 FT
- Annual property taxes
- $1,662.00
- Parking
- 3 spaces · No Garage
- Days on market
- 92 days
Features & details
- Heating
- Baseboard heaters, Electric, Natural gas
- Cooling
- None
- Basement
- Unfinished, Full
- Exterior features
- Vinyl siding
- Lot features
- Sump Pump
What would this home cost you?
Based on the $749,900 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RE/MAX AFFILIATES MARQUIS LTD., CORNWALL.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.