$749,900
231 Louisa Street, Cornwall, ON K6H 4P9
9 Beds
5 Baths
3 Parking
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 Summary

Property Type Residential Freehold
Property Sub Type Multiplex
Transaction Type For Sale
Style 2-Storey
Bedrooms Above Grade 9
Bathrooms 5
Kitchens 5
Basement Full, Unfinished
Exposure West
Possession TBA

Building

Building Type Multiplex
Square Footage 3000-3500
Exterior Vinyl Siding
Foundation Block
Roof Membrane
Heating Baseboard
Heat Source Electric
Cooling None
Fireplace No

Measurements

Lot Size 50 x 90
Lot Size Units Feet
Frontage 50
Depth 90
Total Living Area 3000-3500

Land

Address 231 Louisa Street, Cornwall, ON K6H 4P9
City Cornwall
Community 717 - Cornwall
County / Area Stormont, Dundas and Glengarry
Cross Street Montreal Rd & Walton St
Sewer Sewer
Pool None
Parcel Number 601550046

Parking and Garage

Total Parking 3
Garage Spaces 0
Garage Type None

Taxes and Listing Info

List Price $749,900
Annual Taxes $1,662
Tax Year 2025
Status Active
Listing Date 2026-05-26T23:25:50Z
Updated 2026-05-26T23:25:50Z
MLS Number X13178748
Local Market Insight

What Buyers Should Know About 231 Louisa Street, Cornwall, ON K6H 4P9

This editorial summary helps buyers look beyond the headline price and review the neighbourhood, transit, schools, rental demand, long-term value, and due-diligence items that often matter before booking a showing or submitting an offer.

Neighbourhood Analysis

231 Louisa Street, Cornwall, ON K6H 4P9 is positioned in 717 - Cornwall, a part of Cornwall where buyers should compare the street setting, nearby amenities, daily travel routes, and surrounding housing stock. For a 2-Storey, the strongest fit often depends on whether the location supports everyday routine as well as the numbers on paper.

School And Family Considerations

Families reviewing this Multiplex should confirm school boundaries directly with the local school boards before relying on listing notes. It is also worth checking walkability to parks, childcare, recreation centres, libraries, and community facilities because these details can influence both lifestyle value and future resale demand.

Transit And Access

The location should be assessed around commute patterns, access to Montreal Rd & Walton St, public transit options, parking availability, and drive times to employment areas. A property with 3 parking and practical road access can appeal to buyers who need convenience without giving up neighbourhood quality.

Investment Potential

At $749,900, buyers should compare recent nearby sales, days on market, condition, lot utility, and the cost of future repairs or upgrades. The property shows 9 bedrooms, 5 bathrooms, basement details marked as Full, Unfinished, and a lot size of 50 x 90, all of which can affect value.

Rental Demand

If this property is being reviewed as a rental or investment, demand should be measured by bedroom count, transit access, employment access, nearby schools, parking, and the condition of the unit or home. In Cornwall, rental appeal usually improves when a property is easy to maintain and simple for tenants to live in.

Local Attractions And Amenities

Buyers should look at grocery access, restaurants, trails, parks, shopping, medical services, and weekend amenities around 717 - Cornwall. These features do not always appear in the MLS data, but they can make a major difference in how the home feels after move-in and how future buyers compare it.

Builder, Condition, And Due Diligence

For resale homes, review renovations, permits, roof and mechanical age, exterior condition, inclusions, and rental items. For condo or newer properties, review building history, maintenance fees, reserve fund information, rules, amenities, and future cost exposure. A showing and document review should confirm anything not visible in the listing.

Nearby Infrastructure

Infrastructure matters because transit improvements, road projects, schools, parks, commercial growth, and employment nodes can change how an area performs over time. For 231 Louisa Street, Cornwall, ON K6H 4P9, buyers should check municipal plans, nearby construction, zoning context, and future projects that may affect enjoyment or resale value.

This section is informational only. Buyers should verify schools, measurements, rental rules, taxes, zoning, and property condition with the appropriate professionals before making a decision.

Listing data is provided through PropTx/MLS data services and is deemed reliable but not guaranteed. Listings are subject to change without notice.