For Sale: 501 Fifth Street W, Cornwall, ON - REW
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$749,900
9 bd • 5 ba • 2500 - 2999 sf • Multifamily
501 Fifth Street W
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$749,900
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501 Fifth Street WCornwall, ON, K6J 2V7

  • 9 Bed
  • 5 Bath
  • 2500 - 2999 Sqft
  • Multifamily

About this home

Well-maintained 5-unit multiplex located in the heart of Cornwall, offering great value-add opportunity. This centrally located property is steps to public transit and close to schools, shopping, and everyday amenities-making it highly attractive to students, seniors, and working professionals alike. Significant capital improvements have been completed over the last four years, including roof shingles, some windows, hot water tanks, updated flooring, fresh paint, and other interior upgrades, providing a solid foundation for the next owner. The building features five self-contained units, municipal water and sewer, and on-site parking. With strong rental demand in the area and clear opportunities to increase rents, renovate, and optimize the unit mix, this property offers substantial upside for a savvy investor. Ideal for both seasoned investors and those looking to expand their multi-residential portfolio in a growing Eastern Ontario market. Flexible possession available. A rare opportunity to acquire a well-located asset with immediate and long-term upside potential. Gross income: $75,600 | Insurance:$5504, Taxes: $2139.40, Water/Sewer:$1504 | NOI: $66,452.6 | (id:63626)
Listed by: GARRETT DAGENAIS, Salesperson, CENTURY 21 SHIELD REALTY LTD.

Home facts and features

Price details
List Price
$749,900
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Gross Taxes for 2025
$2,139
Home facts
Bedrooms
9
Full Bathrooms
5
Parking Spaces
5
Parking Details
No Garage
Property Type
Multifamily
Depth
51.7 feet
Frontage
50.0 feet
Exterior Finish
Aluminum siding
Heating Type
Electric, Other
Basement Details
Unfinished,
Agent details
Primary Agent
GARRETT DAGENAIS
Primary Broker
CENTURY 21 SHIELD REALTY LTD.
Listing details
Days on REW
125 Days
Property Views
43
MLS® Number
X12755470
Source
Canadian Real Estate Association
Board
Cornwall & District Real Estate Board
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25 Years
Interest Rate
3.99%

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Property Insights

St Columban's Catholic Elementary School
  • Catholic
  • JK - 8
Cornwall Collegiate
  • Public
  • 7 - 12
Central Public School
  • Public
  • JK - 6
É Élém C Notre-Dame
  • Catholic
  • JK - 6
Sacred Heart School
  • Catholic
  • JK - 8
Viscount Alexander Public School
  • Public
  • JK - 6
St. Matthew School
  • Catholic
  • 9 - 12
St Anne's School
  • Catholic
  • JK - 8
St Joseph's School
  • Catholic
  • 9 - 12
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
GARRETT DAGENAIS
Phone:
(343) 585-2570
Office:
613-938-2121
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