231 Louisa Street
Interior view
Interior view
11
New
Multiplex

231 Louisa Street

Cornwall, ON, K6H 4P9

Residential Freehold
Area
3000-3500 sq.ft
Bed
9
Bedrooms
Bath
5
Bathrooms
Parking
3
Single Garage

Asking Price

$749,900

Property Description

Original Remarks

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.

PROPERTY HISTORY

231 Louisa Street

Type:Multiplex
Style:2-Storey
Size Range:3000-3500
Above grade sq.ft.:-
Below grade sq.ft:-
Total sq.ft:-
Listing ID:X13178748
Community:717 - Cornwall
Days on Market:-
Year Built:-
Age range:-
Basement:Full, Unfinished
Ownership Type:Residential Freehold
Condo Fee:N/A
Yearly Taxes:$1,662/yr (2025)
Municipality:Cornwall
Lot Size:50.00 x 90.00 Feet

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July 2026
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Consult Type

Consult typically takes 30–45 minutes