Home · Buy · Cornwall · 231 Louisa Street, Cornwall, ON K6H 4P9
+ 18 photos
For Sale · Multiplex
231 Louisa Street, Cornwall, ON K6H 4P9
Cornwall · 717 - Cornwall
2-StoreyFull, Unfinished basementWest exposure
9
Beds
5
Baths
3
Parking
3000-3500
Sq ft
—
Built
The honest picture
List price
$749,900
Renavu Estimate
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Benchmark · All homes
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Benchmark from the monthly TRREB Home Price Index. Estimate for guidance only — not an appraisal.
About this home
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 details
Listed on
May 26, 2026
Days on market
59 days
Property tax
$1,662 (2025)
Lot
50 × 90 Feet
Style
2-Storey
Heating
Baseboard
MLS®
X13178748
Full details
Parking
GarageNone
Total parking3
Property & sold history
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See this home's sale & listing history
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What you actually need in cash — land transfer tax, closing costs, and your down payment.
Purchase price
$
Down payment · 6.7%
$
Down:or type any amount above
This price requires at least 6.7% down (5% on the first $500K, 10% above).
Legal fees
$
Title insurance
$
Home inspection
$
Ontario land transfer tax$11,473
Legal · title · inspection$2,800
Closing costs$14,273
Down payment$49,990
Total cash to close$64,263
Estimates only, not legal or tax advice. Ontario LTT rates 2025; City of Toronto MLTT applies inside Toronto (incl. Scarborough, North York, Etobicoke, York, East York). Durham and Markham buyers pay no municipal LTT.