Property Information:

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:27)

Building Features:

Style: Multiplex
Building Type: Other
Basement Development: Unfinished
Basement Type: Full
Exterior Finish: Vinyl siding
Floor Space: 3000 - 3500 sqft Square Feet
Foundation Type: Block
Heating Type: Baseboard heaters
Heating Fuel: Electric, Natural gas
Cooling Type: None

Property Features:

Property Type: Multi-family
Bedrooms: 9
Bathrooms: 5
Features: Sump Pump
Floor Space (approx): 3000 - 3500 Square Feet
Irregular: Yes
Lot Depth: 90 Feet
Lot Frontage: 50 Feet
Lot Size: 50 x 90 FT
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 3

Courtesy of: RE/MAX AFFILIATES MARQUIS LTD.

More Detail

Less Detail

Demographic Information of 231 LOUISA STREET, Cornwall, Ontario, K6H 4P9

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$64,929.33

Average Number of Children

1.71

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

31.21 %

High school certificate or equivalent

36.57 %

Apprenticeship trade certificate/diploma

5.82 %

College/non-university certificate

22.35 %

University Degree

4.04 %

Commuter

Travel To Work

By Car

78.67 %

By Public Transit

7.18 %

By Walking

7.29 %

By Bicycle

0.0 %

By Other Methods

6.86 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

50.8 %

Houses

49.2 %

231 LOUISA STREET, Cornwall, Ontario, K6H 4P9