For Sale Multi-Family

225 Louisa Street

$764,900 Est. $3,387/mo ↓

Cornwall, Ontario K6H 4P9

11 Bedrooms
6 Bathrooms
3,500 - 5,000 sqft Interior
4 Parking spaces
50 X 90 Ft Lot size
65 days ago Listed
None Baseboard Heaters, Forced Air Finished basement

About this home

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 $75,519.12 in gross annual rental income, with annual operating expenses of $21,282, resulting in an estimated Net Operating Income (NOI) of $54,237.12. 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. (id:28469)

Facts & features

Property

MLS® Number
X13192728
Property Type
Multi-family
Community Name
717 - Cornwall
Parking Space Total
4

Building

Bathroom Total
6
Bedrooms Above Ground
11
Bedrooms Total
11
Basement Development
Partially Finished
Basement Type
Full (partially Finished)
Cooling Type
None
Exterior Finish
Wood
Foundation Type
Concrete
Heating Fuel
Electric, Natural Gas
Heating Type
Baseboard Heaters, Forced Air
Stories Total
2
Size Interior
3,500 - 5,000 Sqft
Type
Other
Utility Water
Municipal Water

Parking

No Garage

Land

Acreage
No
Sewer
Sanitary Sewer
Size Depth
90 Ft
Size Frontage
50 Ft
Size Irregular
50 X 90 Ft
Size Total Text
50 X 90 Ft

Monthly payment estimate

$
Estimated payment per month
Mortgage amount
Total interest

Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.

Cost of ownership

Est. monthly payment
$3,387/mo
Ontario land transfer tax
$11,773 one-time

Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.

The Cornwall market

234 Active listings
$444,950 Median asking price
72% above median This home
35 days Avg. time on market
Browse all Cornwall listings →

Location

225 Louisa Street, Cornwall, Ontario K6H 4P9  ·  Get directions

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