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231 LOUISA STREET
717 - Cornwall Cornwall K6H 4P9

$749,900
Multi-family beds: 9 baths: 5.0

Main Photo: 231 LOUISA STREET, Multi-family, for sale, Cornwall, X13178748
Photo 1: 231 LOUISA STREET, Multi-family, for sale, Cornwall, X13178748
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Status:
Active
Prop. Type:
Multi-family
MLS® Num:
X13178748
Bedrooms:
9
Bathrooms:
5
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. (id:2493)
Property Type:
Multi-family
Living Area (Min):
3,000 sq. ft.
Living Area (Max):
3,500 sq. ft.
Taxes:
$1,662 / 2025
Community:
717 - Cornwall
Exterior Features:
Vinyl siding
Structure Type:
Other
Bedrooms:
9
Bedrooms Above Grade:
9
Bathrooms:
5.0
Cooling:
None
Fireplace:
No
Foundation:
Block
Heating:
Baseboard heaters, Electric, Natural gas
# Storeys:
2.0
Water:
Municipal water
Sewer:
Sanitary sewer
Basement:
Unfinished, Full
Lot Frontage:
50'
Lot Details:
50 x 90 FT
Lot Features:
Sump Pump
Parking:
No Garage
Total Parking Spaces:
3
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Listed by RE/MAX AFFILIATES MARQUIS LTD.
Data was last updated May 27, 2026 at 03:45 AM (UTC)
Area Statistics
Listings on market:
39
Avg list price:
$700,000
Min list price:
$265,000
Max list price:
$3,500,000
Avg days on market:
36
Min days on market:
1
Max days on market:
216
Avg price per sq.ft.:
$166.72
These statistics are generated based on the current listing's property type and located in 717 - Cornwall. Average values are derived using median calculations. This data is not produced by the MLS® system.
CHARLES KHOURI
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.