505 Cumberland Street
Cornwall, ON K6J 4J3
- 4Bedrooms
- 2Bathrooms
- 2Parking
- 1100–1500Sq Ft
- $2,120Tax
- 30×80 ftLot Size
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Free Home EvaluationHow Much Is My Home Worth?Homes for Sale NearbySale & Price History for 505 Cumberland Street, Cornwall
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| 2026-05-08 | 2026-05-15 | Login to See Prices | Sold | x13105350 |
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About 505 Cumberland Street, Cornwall
Summarized Description
- Duplex with two 2-bedroom units available.
- Located in a high-demand rental area.
- Potential to achieve 9%+ cap rate.
- Opportunity to add value through renovations.
- Perfect for investors or aspiring landlords.
- Market value rent achievable post-renovation.
- Soon to be vacant for immediate investment.
If you're an investor - or aspiring to become one - then you already know the power of the BRRRR strategy: Buy, rehab, rent, refinance, repeat. This soon to be vacant duplex is the perfect opportunity. Add value through renovations, rent the units at market value, refinance, and repeat the process all over again. Located in a high-demand rental area close to everyday amenities, this property features two 2-bedroom units, and has the potential to achieve approximately a 9%+ cap rate! Don't miss out, book your viewing today or give us a call for more information.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $2,120
- Land Transfer Tax Fee
- $2,125
- Basement Type
- Unfinished
Interior Features
- Interior Extras
- None
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Pool
- None
Building
- Building Type
- Multiplex
- Building Style
- 2-Storey
Construction
- Exterior Finish
- Aluminum Siding
- Roof
- Asphalt Shingle
- Foundation Details
- Concrete
- Special Designation
- Unknown
Lot
- Lot Front
- 30.00 ft
- Lot Depth
- 80.00 ft
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
- Parking Spaces
- 2
- Total Garage And Parking Spaces
- 2
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- None
- Water
- Municipal
- Sewers
- Sewer
- Bedrooms
- 4
- Washrooms
- 2
- Kitchens
- 2
Washrooms
- 4-piece
- Municipality
- Cornwall
- Neighbourhood
- Cornwall
- Main cross streets
- Cumberland & Fifth St
- Directions
- Located on Cumberland St between Fifth & Lauber
- MLS® number
- X13105350
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-05-15
- Listed on
- 2026-05-08
- Days on market
- 7 days
- Possession type
- Immediate
- Co-op commission
- 2
- Seller
- Listed by
- RE/MAX AFFILIATES MARQUIS LTD.
Home Market Value
Current home valuation for 505 Cumberland Street, Cornwall, Cornwall, ON. Listed for $240,000
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 505 Cumberland 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% of purchase price for homes $500K or less
$12,000
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $9,120 | $6,696 | $5,712 | $0 |
=Total mortgage | $237,120 | $222,696 | $209,712 | $192,000 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $1,158monthly | $1,087monthly | $1,024monthly | $937monthly |
Land Transfer Tax
$2,125
$2,125
Around this home
Data provided by OpenStreetMap & Fraser Institute School Rankings
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