231 Louisa Street
Cornwall, ON K6H 4P9
- 9Bedrooms
- 5Bathrooms
- 3Parking
- 3000–3500Sq Ft
- $1,662Tax
- 50×90 ftLot Size
Free EstimateSee Free Estimate Report
Sale & Price History for 231 Louisa Street, Cornwall
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| No listing history available | ||||
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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.
About 231 Louisa Street, Cornwall
Summarized Description
- Fully tenanted 5-plex with established tenants
- Generates approximately $81,000 gross annual income
- Strong cash flow and reliable rental income
- 8% cap rate indicates solid investment
- Located near shopping, schools, and transit
- Appeals to a wide range of tenants
- Excellent opportunity for multi-family investors
- Proven income with future growth potential
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.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $1,662
- Land Transfer Tax Fee
- $10,773
- Basement Type
- Full, Unfinished
Interior Features
- Interior Extras
- Sump Pump
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Pool
- None
Building
- Building Type
- Multiplex
- Building Style
- 2-Storey
Construction
- Exterior Finish
- Vinyl Siding
- Roof
- Membrane
- Foundation Details
- Block
- Special Designation
- Unknown
Lot
- Lot Front
- 50.00 ft
- Lot Depth
- 90.00 ft
Exclusions
- Exclusions
- Tenant Belongings
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
- Parking Spaces
- 0
- Total Garage And Parking Spaces
- 3
Heating & Cooling
- Heat Source
- Electric
- Heat Type
- Baseboard
- Air Conditioning
- None
- Water
- Municipal
- Sewers
- Sewer
- Bedrooms
- 9
- Washrooms
- 5
- Kitchens
- 5
Washrooms
- 4-piece
- 3-piece
- Municipality
- Cornwall
- Neighbourhood
- Cornwall
- Main cross streets
- Montreal Rd & Walton St
- Directions
- Starting from Walton st, Head south onto Louisa St, property is on the west side.
- MLS® number
- X13178748
- Data source
- Toronto Regional Real Estate Board
- Listed on
- 2026-05-26
- Updated on
- 2026-10-09
- Days on market
- 143 days
- Possession type
- Flexible
- Co-op commission
- 2
- Seller
- Listed by
- RE/MAX AFFILIATES MARQUIS LTD.
Home Market Value
Current home valuation for 231 Louisa Street, Cornwall, Cornwall, ON. Listed for $714,900
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 231 Louisa Street, Cornwall
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $214,900 over $500K
$46,490
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $26,709 | $19,946 | $17,015 | $0 |
=Total mortgage | $694,426 | $663,356 | $624,680 | $571,920 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $3,391monthly | $3,239monthly | $3,050monthly | $2,792monthly |
Land Transfer Tax
$10,773
$10,773
Around this home
No schools found nearby
Data provided by OpenStreetMap & Fraser Institute School Rankings
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