For Sale: 1316 Cumberland Street, Cornwall, ON - REW
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$499,900
6 bd • 4 ba • 1500 - 1999 sf • Multifamily
1316 Cumberland Street
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$499,900
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1316 Cumberland StreetCornwall, ON, K6J 4K7

  • 6 Bed
  • 4 Bath
  • 1500 - 1999 Sqft
  • Multifamily

About this home

1316 Cumberland Street is a strong income producing fourplex bringing in approximately $53,556 in annual rental income with an estimated NOI of $38,488. At the current asking price, that works out to an impressive 7.7% cap rate and approximately 12% cash-on-cash ROI (Approx figures. Actual rates, expenses and returns may vary) Add in a metal roof and a ton of parking in the rear - a huge advantage for a multi-unit property, and you've got an investment built for strong cash flow today with long-term potential. Four units. Great income. High cash flow. This one deserves a spot in your portfolio. Reach out now for income/expense breakdown. (id:63626)
Listed by: HEATHER OUDERKIRK, Salesperson, RE/MAX AFFILIATES MARQUIS LTD.

Home facts and features

Price details
List Price
$499,900
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Gross Taxes for 2025
$3,169
Home facts
Bedrooms
6
Full Bathrooms
4
Parking Spaces
4
Parking Details
No Garage
Property Type
Multifamily
Lot Size
50 ft x 100 ft (5000 ft²)
Depth
100 feet
Frontage
50.0 feet
Exterior Finish
Vinyl siding
Heating Type
Baseboard heaters, Forced air, Electric, Natural gas
Basement Details
Unfinished,
Agent details
Primary Agent
Primary Broker
RE/MAX AFFILIATES MARQUIS LTD.
Listing details
Days on REW
1 Day
MLS® Number
X13769134
Source
Canadian Real Estate Association
Board
Cornwall & District Real Estate Board
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Amortization
25 Years
Interest Rate
3.99%

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Property Insights

É Élém C Notre-Dame
  • Catholic
  • JK - 6
St Joseph's School
  • Catholic
  • 9 - 12
Sacred Heart School
  • Catholic
  • JK - 8
St Columban's Catholic Elementary School
  • Catholic
  • JK - 8
St. Matthew School
  • Catholic
  • 9 - 12
Cornwall Collegiate
  • Public
  • 7 - 12
St Anne's School
  • Catholic
  • JK - 8
Central Public School
  • Public
  • JK - 6
Viscount Alexander Public School
  • Public
  • JK - 6
Immaculate Conception School
  • Catholic
  • JK - 6
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
HEATHER OUDERKIRK
Phone:
(613) 861-2607
Office:
613-938-8100
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