Tej Thakor Broker of Record / Owner 647-684-1731
For Sale
MLS®# X13178748

231 Louisa Street, Cornwall, ON K6H 4P9

Cornwall, ON K6H 4P9

$749,900 Est. $3,185/mo · 20% down, 25-yr, 4.09%
9Beds
5Baths
50 × 90 ftLot
3Parking
MultiplexType

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.

Property Summary

Property TypeMultiplex
Square Footage3000 - 3500 sq ft
Community Name717 - Cornwall
Land Size50 x 90 ft
Annual Property Taxes$1,662.00
Tax Year2025
Parking TypeNone Garage

Building details

Bedrooms9
Bathrooms / washrooms5
Kitchens5
Property typeMultiplex
Architectural style2-Storey

Lot & land

Lot dimensions50 × 90 ft
Lot frontage50 ft
Lot depth90 ft

Interior Features

Basement FeaturesFull, Unfinished
Basement TypeFinished
Interior FeaturesSump Pump
ExclusionsTenant Belongings

Building Features

Foundation TypeBlock
Style2-Storey
RoofMembrane
ConstructionVinyl Siding

Building Amenities

PoolNone

Heating & Cooling

CoolingNone
Heating TypeBaseboard
Heating SourceElectric

Utilities

Utility SewerSewer

Parking

Parking TypeNone Garage
Total Parking Spaces3

Taxes & fees

Annual taxes$1,662 (2025)

Listing history

On market sinceMay 26, 2026

Location

Cornwall, ON K6H 4P9
Listed by RE/MAX AFFILIATES MARQUIS LTD., Brokerage · Listing data sourced from TRREB®, refreshed nightly.
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The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Service® and the associated logos are owned or controlled by The Canadian Real Estate Association (CREA). Used under licence. Information deemed reliable but not guaranteed. Tej Thakor is a Broker of Record at Royal LePage Terra Realty.
Call Tej Now 647-684-1731
231 Louisa Street, Cornwall, ON K6H 4P9