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9 Beds
5 Baths

C$714,900

231 Louisa Street, Cornwall ON, K6H 4P9

Property typeMulti-family

Overview

Active

Price Change

Listed May 26, 2026

Updated 44h ago

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.

Additional information

MLS® ID
X13178748

Interior Features

Bedrooms
9
Bathrooms
5
Heating
Yes
Basement
Yes

Other Property Details

Taxes
$1,662
Tax Frequency
Annually

 

Courtesy of Listed by , RE/MAX AFFILIATES MARQUIS LTD.,

Based on information from the Toronto Regional Real Estate Board. 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. Information is deemed reliable but is not guaranteed accurate.

©2026 Toronto Real Estate Board. All rights reserved. 

Data last updated 3:10 AM UTC, 10/10/2026

 

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