$749,900
8.05 BTC
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Map
231 Louisa Street, Cornwall
$749,900
PRICE
9
BEDROOMS
5
BATHROOMS
X13178748
MLSID

231 Louisa Street, Cornwall

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.
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Summary

Address
231 Louisa Street
MLSID
X13178748
Property Type
Multiplex
Property Category
Bedrooms
9
Bathrooms
5
Kitchens
5
Taxes (Annual)
$1,662.00
Tax Year
2025
Published
May 26, 2026
Days on Market
7 Days
Possession Type
Flexible
Possession Details
Tba
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Exclusions

Tenant Belongings

Details

Basement
Full, Unfinished
Interior Features
Sump Pump
Parking Total
3
Architectural Style
2-Storey
Roof
Membrane
Construction Materials
Vinyl Siding
Lot Width
50 Feet
Lot Depth
90 Feet
Water
Municipal
Heat Source
Electric
Heat Type
Baseboard
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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Listing Contracted with RE/MAX AFFILIATES MARQUIS LTD.
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