For sale 50$714,900
231 Louisa Street
Cornwall, Cornwall, Ontario K6H4P9
For sale· Added
About this home
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.
Location
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Property details
Listing
- MLS® number
- X13178748
- Added
- May 26, 2026 ()
- Updated
- Oct 9, 2026 ()
- Info refreshed
Overview
- Property type
- Multi-family
- Building type
- Other
- Storeys
- 2
Inside
- Bedrooms
- 9
- Bathrooms
- 5
- Heating
- Baseboard heaters, Electric, Natural gas
- Cooling
- None
- Fireplace
- No
- Features
- Sump Pump
Building
- Basement
- Unfinished, Full
- Exterior
- Vinyl siding
- Foundation
- Block
- Parking
- No Garage · 3 spaces
Land
- Lot size
- 50 x 90 ft
Services
- Water
- Municipal water
- Sewer
- Sanitary sewer
Location
- Cross streets
- Montreal Rd & Walton St
- Directions
- Starting from Walton st, Head south onto Louisa St, property is on the west side.
Running costs
- Annual property tax (2025)
- $1,662
Price history
| Oct 9, 2026 | $714,900 | ▼ $35,000 |
| Sep 19, 2026 | $749,900 | First recorded price |
Price changes since Sep 19, 2026.
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