501 Fifth 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 501 Fifth Street W, Cornwall
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| 2026-02-01 | 2026-08-12 | Login to See Prices | Terminated | x12755470 |
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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 501 Fifth Street W, Cornwall
Summarized Description
- Located in the heart of Cornwall.
- Five self-contained rental units available.
- Significant recent capital improvements made.
- Strong rental demand in the area.
- Close to public transit and amenities.
- Flexible possession options for buyers.
- Ideal for investors looking to expand portfolio.
- Substantial upside potential for savvy investors.
Well-maintained 5-unit multiplex located in the heart of Cornwall, 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, most 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.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $2,139
- Land Transfer Tax Fee
- $11,473
Rental Items
- Rental Equipment
- 2 hot water tank
- 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
Exclusions
- Exclusions
- tenants belongings
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
- X12755470
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-08-12
- Listed on
- 2026-02-01
- Days on market
- 192 days
- Possession type
- Flexible
- Co-op commission
- 2
- Seller
- Listed by
- CENTURY 21 SHIELD REALTY LTD.
Home Market Value
Current home valuation for 501 Fifth Street W, Cornwall, Cornwall, ON. Listed for $749,900
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 501 Fifth Street W, 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 $249,900 over $500K
$49,990
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $27,986 | $20,922 | $17,848 | $0 |
=Total mortgage | $727,643 | $695,832 | $655,263 | $599,920 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $3,553monthly | $3,397monthly | $3,199monthly | $2,929monthly |
Land Transfer Tax
$11,473
$11,473
Around this home
Data provided by OpenStreetMap & Fraser Institute School Rankings
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