231 LOUISA STREET
Cornwall · K6H4P9
$749,900
About this residence
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:61366)
Property details
- Property type
- Multi-family
- Style
- Other
- Bedrooms
- 9 (9 above)
- Bathrooms
- 5
- Storeys
- 2
- Living area
- 3,000–3,500 sq ft
- Lot size
- 50 x 90 FT
- Frontage
- 50 feet
- Parking
- 3 spaces
- Annual tax
- $1,662
- MLS®
- X13178748
- Board
- Cornwall
- Status
- Active
- Listed
- May 27, 2026
- Updated
- May 27, 2026
Features & finishes
Heating
- Baseboard heaters
- Electric
- Natural gas
Basement
- Full
- Unfinished
Exterior
- Vinyl siding
Foundation
- Block
Parking
- No Garage
Lot
- Sump Pump
Sewer & Utilities
- Sanitary sewer
Financing
Estimated monthly payment
$3,507/mo
Loan amount
$599,920
Down payment
$149,980
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Cornwall
Nearby
About the area
Census · K6H- 30,440
- Population
- 46
- Median age
- $61,200
- Median income
- $300,000
- Median home value
- 55%
- Home ownership
- 18 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 231 LOUISA STREET?
231 LOUISA STREET is listed for $749,900, in Cornwall.
How many bedrooms and bathrooms does 231 LOUISA STREET have?
It offers 9 bedrooms and 5 bathrooms.
What type of home is 231 LOUISA STREET?
231 LOUISA STREET is a Multi-family, Other set over 2 storeys.
How large is 231 LOUISA STREET?
The home offers approximately 3,000–3,500 sq ft of living space on a lot measuring 50 x 90 FT.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $3,507. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $1,662 per year.
Is there parking?
Yes — 231 LOUISA STREET includes 3 parking spaces.
What is the Cornwall area like?
Cornwall has a population of about 30,440, a median age of 46, a 55% home-ownership rate, with an average commute of about 18 minutes.
What is the average home value in Cornwall?
The median dwelling value in this area is approximately $300,000, based on census data via Neighbourly.
What is the median household income in Cornwall?
The median household income in this area is approximately $61,200.
Similar residences
Comparable Other near Cornwall at a similar price.
Private viewings
Arrange a private viewing of 231 LOUISA STREET.
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