213 MAIN STREET E
Cornerstone · N0G2P0
$749,900
About this residence
Turnkey investment opportunity in the growing community of Palmerston! This purpose-built 4-plex delivers reliable income potential with four separate units, making it an ideal addition to any investor’s portfolio. The building offers practical, well-laid-out units that appeal to a wide range of tenants, supporting strong occupancy and consistent cash flow. With dedicated parking and a location close to everyday essentials, this property checks the boxes for both convenience and long-term rental stability. Palmerston continues to attract residents seeking small-town affordability with access to larger centers, creating ongoing demand for quality rental housing. Investors will recognize the upside through rent growth potential and value-add improvements over time. Whether you’re a seasoned investor or looking to secure your first multi-unit property, this 4-plex offers a smart balance of income today and appreciation tomorrow. (id:61366)
Property details
- Property type
- Multi-family
- Style
- Fourplex
- Ownership
- Freehold
- Bedrooms
- 6
- Bathrooms
- 4
- Storeys
- 2
- Living area
- 3,340 sq ft
- Frontage
- 49 feet
- Parking
- 4 spaces
- Annual tax
- $5,376
- MLS®
- 40824746
- Board
- Cornerstone
- Status
- Active
- Listed
- Apr 28, 2026
- Updated
- Jun 2, 2026
Features & finishes
Heating
- Forced air
- Natural gas
Exterior
- Stucco
Sewer & Utilities
- Municipal sewage system
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
Cornerstone
Nearby
About the area
Census · N0G- 86,935
- Population
- 41
- Median age
- $83,000
- Median income
- $492,000
- Median home value
- 78%
- Home ownership
- 26 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 213 MAIN STREET E?
213 MAIN STREET E is listed for $749,900, in Cornerstone.
How many bedrooms and bathrooms does 213 MAIN STREET E have?
It offers 6 bedrooms and 4 bathrooms.
What type of home is 213 MAIN STREET E?
213 MAIN STREET E is a Multi-family, Fourplex set over 2 storeys.
How large is 213 MAIN STREET E?
The home offers approximately 3,340 sq ft of living space.
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 $5,376 per year.
Is there parking?
Yes — 213 MAIN STREET E includes 4 parking spaces.
What is the Cornerstone area like?
Cornerstone has a population of about 86,935, a median age of 41, a 78% home-ownership rate, with an average commute of about 26 minutes.
What is the average home value in Cornerstone?
The median dwelling value in this area is approximately $492,000, based on census data via Neighbourly.
What is the median household income in Cornerstone?
The median household income in this area is approximately $83,000.
Similar residences
Comparable Fourplex near Cornerstone at a similar price.
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