231 Louisa Street, Cornwall, ON

$714,900

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9

Beds

5

Baths

3,000

Square feet

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.

Features of 231 Louisa Street

MLS® # X13178748
Price $714,900
Bedrooms 9
Bathrooms 5.00
Square Footage 3,000
Type Residential Freehold
Sub-Type Multiplex
Style 2-Storey
Status Active

Community Information

Address 231 Louisa Street
Area Stormont, Dundas and Glengarry
Subdivision 717 - Cornwall
City Cornwall
Province ON
Postal Code K6H 4P9

Amenities

Garages None
Is Waterfront No
Pool None

Interior

Heating Baseboard
Cooling None
Fireplace No
Basement Full, Unfinished

Exterior

Exterior Vinyl Siding

Listing Details

OfficeRE/MAX AFFILIATES MARQUIS LTD.

Listing Map

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