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$ 764,900
Est. payment /mo
New
225 Louisa ST Cornwall, ON K6H 4P9
11 Beds
6 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision 717 - Cornwall
MLS Listing ID X13192728
Style 2-Storey
Bedrooms 11
Annual Tax Amount $4,623
Tax Year 2025
Property Sub-Type Multiplex
Property Description
Rare opportunity to acquire a fully tenanted 6-unit income property offering strong cash flow and excellent long-term investment potential. Featuring a desirable mix of spacious 1, 2, and 3-bedroom units, this property provides broad tenant appeal and reliable rental stability. The building currently generates $81,346.56 in gross annual rental income, with annual operating expenses of $21,305, resulting in an estimated Net Operating Income of $60,041.56 and an estimated 7.8% cap rate. Several units offer all-inclusive living, contributing to strong tenant retention and consistent occupancy. Conveniently located close to St. Lawrence College, public transit, shopping, and other amenities, this income-producing property presents an excellent opportunity for investors seeking stable returns, consistent income performance, and future growth potential. Minimum 24-hour notice required for all showings. Please allow 48-hour irrevocable on all offers.
Location
Province ON
County Stormont, Dundas And Glengarry
Area Stormont, Dundas And Glengarry
Rooms
Family Room No
Basement Full, Partially Finished
Kitchen 6
Interior
Interior Features None
Cooling None
Fireplace No
Heat Source Electric
Exterior
Pool None
Roof Type Shingles
Lot Frontage 50.0
Lot Depth 90.0
Total Parking Spaces 4
Building
Foundation Concrete
Others
ParcelsYN No
Listed by RE/MAX AFFILIATES MARQUIS LTD.