Space
Finished area and layout
- Square Feet
- 3,000-3,500 sqft
- Bedrooms
- 9
- Bathrooms
- 5
+6 more
$714,900
231 Louisa
Cornwall, Ontario, K6H4P9
multiplex·sale·Tax $1,662/yr
Active
9
Bedrooms
5
Bathrooms
3,000-3,500 sqft
Square Feet
50 x 90 FT
Lot
3
Parking
Property Snapshot
Key details for this listing
MLS #X13178748
Property
Type, style and structure
- Type
- residential
- Style
- multi-family / Multiplex
- Basement
- Unfinished, Full
- Stories
About This Property
This 9-bedroom, 5-bathroom multi-family in Cornwall offers 3,000-3,500 sqft of square feet on a 50 x 90 FT lot. 2 storeys. The home features baseboard heaters, electric, natural gas heating, none, a unfinished, full basement.
MLS Remarks
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:60351)
Full Listing Details
Address231 LOUISA STREET
MLS#X13178748
Listing StatusActive
Property TypeResidential
Sub-TypeMulti-family
TransactionSale
List DateMay 26, 2026
Days on Market152
Annual Tax$1,662 (2025)
Parking3
Parking TypeNo Garage
Possession DetailsTBA
Structure TypeOther
StyleMultiplex
Bedrooms9
Bathrooms5
Bedrooms Above Grade9
Square Feet3,000-3,500 sqft
Stories2
CityCornwall
ProvinceOntario
Postal CodeK6H4P9
Lot Dimensions50 x 90 FT
Frontage50.0 feet
Lot FeaturesSump Pump
Total Parking3
Parking FeaturesNo Garage
HeatingBaseboard heaters, Electric, Natural gas
CoolingNone
BasementUnfinished, Full
FoundationBlock
ExteriorVinyl siding
SewerSanitary sewer
Water SourceMunicipal water
Annual Tax$1,662 (2025)
Tenant Belongings
Cross Streets: Montreal Rd & Walton St. ** Directions: Starting from Walton st, Head south onto Louisa St, property is on the west side.
Looking for Something Similar?
We can help you find properties matching your criteria, including exclusive listings not yet on the market.
Save favorites, track showings, view sold data & get market alerts — Free account — 100% free
