46 Gulf Street W
Cornwall, ON K6J 2V7
- 9Bedrooms
- 5Bathrooms
- 5Parking
- 2500–3000Sq Ft
- $2,139Tax
- 50×52 ftLot Size
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Free Home EvaluationHow Much Is My Home Worth?Homes for Sale NearbySale & Price History for 46 Gulf Street W, Cornwall, Cornwall
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| 2026-07-05 | 2026-08-12 | Login to See Prices | Terminated | x13524852 |
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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 46 Gulf Street W, Cornwall, Cornwall
Summarized Description
- Located in the heart of Cornwall.
- Five self-contained rental units available.
- Significant capital improvements completed recently.
- Strong rental demand in the area.
- Ideal for seasoned and new investors.
- Flexible possession options for buyers.
- Close to public transit and amenities.
- Potential to increase rents and optimize units.
APPROX 8.9 CAP RATE. Well-maintained 5-unit multiplex located in the heart of Cornwall that hits the 1% rule and offering great value-add opportunity. This centrally located property is steps to public transit and close to schools, shopping, and everyday amenities-making it highly attractive to students, seniors, and working professionals alike. Significant capital improvements have been completed over the last four years, including roof shingles, some windows, hot water tanks, updated flooring, fresh paint, and other interior upgrades, providing a solid foundation for the next owner. The building features five self-contained units, municipal water and sewer, and on-site parking. With strong rental demand in the area and clear opportunities to increase rents, renovate, and optimize the unit mix, this property offers substantial upside for a savvy investor. Ideal for both seasoned investors and those looking to expand their multi-residential portfolio in a growing Eastern Ontario market. Flexible possession available. A rare opportunity to acquire a well-located asset with immediate and long-term upside potential. Gross income: $75,600 | Insurance:$5504, Taxes: $2139.40, Water/Sewer:$1504 | NOI: $66,452.6 |
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $2,139
- Land Transfer Tax Fee
- $11,455
Rental Items
- Rental Equipment
- 2 hot water tanks
- Basement Type
- Unfinished
Interior Features
- Interior Extras
- Other
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Pool
- None
Building
- Building Type
- Multiplex
- Building Style
- Other
Construction
- Exterior Finish
- Aluminum Siding
- Roof
- Asphalt Shingle
- Foundation Details
- Other
- Special Designation
- Unknown
Lot
- Lot Front
- 50.00 ft
- Lot Depth
- 51.66 ft
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
- Parking Spaces
- 5
- Total Garage And Parking Spaces
- 5
Heating & Cooling
- Heat Source
- Electric
- Heat Type
- Other
- Air Conditioning
- None
- Water
- Municipal
- Sewers
- Sewer
- Bedrooms
- 9
- Washrooms
- 5
- Kitchens
- 5
Washrooms
- 3-piece
- Municipality
- Cornwall
- Neighbourhood
- Cornwall
- Main cross streets
- Brookdale
- Directions
- per map
- MLS® number
- X13524852
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-08-12
- Listed on
- 2026-07-05
- Days on market
- 38 days
- Possession type
- Flexible
- Co-op commission
- 2
- Seller
- Listed by
- CENTURY 21 SHIELD REALTY LTD.
Home Market Value
Current home valuation for 46 Gulf Street W, Cornwall, Cornwall, Cornwall, ON. Listed for $749,000
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 46 Gulf Street W, Cornwall, 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 $249,000 over $500K
$49,900
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $27,953 | $20,897 | $17,826 | $0 |
=Total mortgage | $726,770 | $694,997 | $654,476 | $599,200 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $3,548monthly | $3,393monthly | $3,195monthly | $2,926monthly |
Land Transfer Tax
$11,455
$11,455
Around this home
Data provided by OpenStreetMap & Fraser Institute School Rankings
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