For Sale: 231 Louisa Street, Cornwall, ON - REW
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$749,900
9 bd • 5 ba • 3000 - 3499 sf • Multifamily
231 Louisa Street
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$749,900
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231 Louisa StreetCornwall, ON, K6H 4P9

  • 9 Bed
  • 5 Bath
  • 3000 - 3499 Sqft
  • Multifamily

About this home

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:63626)
Listed by: TAYLOR GINGRAS, Salesperson, RE/MAX AFFILIATES MARQUIS LTD.

Home facts and features

Price details
List Price
$749,900
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Gross Taxes for 2025
$1,662
Home facts
Bedrooms
9
Full Bathrooms
5
Parking Spaces
3
Parking Details
No Garage
Property Type
Multifamily
Depth
90 feet
Frontage
50.0 feet
Exterior Finish
Vinyl siding
Heating Type
Baseboard heaters, Electric, Natural gas
Basement Details
Unfinished, Full
Features
Sump Pump
Agent details
Primary Agent
TAYLOR GINGRAS
Primary Broker
RE/MAX AFFILIATES MARQUIS LTD.
Listing details
Days on REW
10 Days
MLS® Number
X13178748
Source
Canadian Real Estate Association
Board
Cornwall & District Real Estate Board
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Purchase Price
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Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Citadelle School
  • Catholic
  • 7 - 12
ÉEP L'Héritage
  • Public
  • 7 - 8
Immaculate Conception School
  • Catholic
  • JK - 6
Central Public School
  • Public
  • JK - 6
St Lawrence School
  • Public
  • 7 - 12
Bridgewood Public School
  • Public
  • JK - 6
Cornwall Collegiate
  • Public
  • 7 - 12
St. Matthew School
  • Catholic
  • 9 - 12
ÉEP Rose des Vents
  • Public
  • JK - 6
St Columban's Catholic Elementary School
  • Catholic
  • JK - 8
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
TAYLOR GINGRAS
Phone:
(613) 577-1888
Office:
613-938-8100
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By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.