231 Louisa Street, Cornwall, Ontario

$714,900

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9

Beds

5

Baths

About 231 Louisa Street

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:6289)

More Info on this 717 - Cornwall Other MLS® listing

231 Louisa Street is an other listing for sale in Cornwall. The MLS® number is X13178748. It features 9 bedrooms, 5 bathrooms. It's currently listed for $714,900. For more details on MLS® X13178748, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This other listing in 717 - Cornwall is available now!

Selling your 717 - Cornwall Other property?

Have a similar home to 231 Louisa Street? If you’re thinking about selling your 717 - Cornwall other property, then we should chat. Fill in the form on this page, or click request info, and we’ll get right back to you, and we can chat about selling your Cornwall property.

Features of 231 Louisa Street

Listing # X13178748
Price $714,900
Bedrooms 9
Bathrooms 5.00
Type Multi-family
Sub-Type Other

Community Information

Address 231 Louisa Street
Area 717 - Cornwall
Subdivision 717 - Cornwall
City Cornwall
Province Ontario
Postal Code K6H4P9

Amenities

Features Sump Pump
Parking Spaces 3
Parking No Garage
Garages No Garage
Is Waterfront No
Has Pool No

Interior

Heating Baseboard heaters, Electric, Natural gas
Cooling None
Fireplace No
# of Stories 2
Has Basement No
Basement Unfinished, Full

Exterior

Exterior Vinyl siding
Lot Description 50 x 90 FT
Foundation Block

Listing Details

OfficeRE/MAX AFFILIATES MARQUIS LTD.

Listing Map

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