619 Ridley Avenue
Cornwall, ON
- 12 bed
- 5 bath
- approx. 5000 + sqft
- Multiplex
- 149 days on market
A rare investment opportunity. Purpose-built 6-plex ideally located near downtown Cornwall on a quiet, low-traffic street. This fully rented property offers immediate income with strong potential for future growth, making it an excellent addition to any investment portfolio.The building has been well maintained over the years and generates additional revenue through a coin-operated laundry system. Each unit includes its own parking space, along with two visitor parking spots for added convenience.Two units were fully renovated in 2025 and are achieving top market rents, while the remaining units have seen various updates over time. The building is entirely carpet-free, appealing to both tenants and investors alike.Notable upgrades include front windows (2008-2009), back porch windows (2022), owned hot water tanks (most replaced between 2020-2024), and significant exterior improvements including back porch posts and concrete wall replacement (2025). Additional features include a video intercom system installed in 2023 and four CCTV cameras added in 2024. The coin-operated laundry machines were also replaced in 2024.A solid, income-generating property with reliable tenancy and room to grow - an opportunity you won't want to miss. Please allow 24 business hours irrevocable on all offers. PLS NOTE that Realm & Realtor do not properly display the buildings units. This is a 6 unit building with each unit having 2 bedrooms, living room, dining room, and a 4 pc bathroom.
Listing Details
- Taxes (2025)
- $5,597
- Originally Listed
- $989,900
- Listed
- April 10, 2026
Price History
Listing history
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Property
- Style
- Other
- Construction
- Concrete Block
- Roof
- Membrane
- Foundation
- Unknown
- Interior
- Carpet Free
- Lot Size
- 96 x 74.16 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 8
Utilities
- Sewer
- Sewer
- Heat Source
- Electric
Location & Legal
- Cross Street
- Seventh St W
- Parcel Number
- 601800095
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- SHED
Schools
Elementary
- Cornwall Intermediate School0.4 km
Public · Upper Canada DSB · 165 students
- Central Public School0.8 km
Public · Upper Canada DSB · 575 students
Grade 3 reading: 44% met the provincial standard · Grade 6 math: 17% met the provincial standard
- Bishop Macdonell Separate School0.8 km
Catholic · CDSB of Eastern Ontario · 385 students
Grade 3 reading: 47% met the provincial standard · Grade 6 math: 19% met the provincial standard
Secondary
- Cornwall Collegiate and Vocational School0.5 km
Public · Upper Canada DSB · 575 students
Grade 10 literacy: 72% met the provincial standard
- St Matthew Catholic Secondary School1 km
Catholic · CDSB of Eastern Ontario · 140 students
Grade 10 literacy: 18% met the provincial standard
- École secondaire catholique La Citadelle1.6 km
French Catholic · CSDC de l'Est ontarien · 465 students
Grade 10 literacy: 92% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area K6J
- Population
- 17,827
- Private dwellings
- 8,263
- Median age
- 46.8
- Average household size
- 2.2
- Median household income
- $60,400
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Cornwall · last 12 months
- Median sold price
- $405,000
- Homes sold
- 686
- Median days on market
- 31
- Sale-to-list price
- 97.4%
Based on 686 recorded sales of residential freehold properties in Cornwall over the last 12 months.
Listed by
CENTURY 21 SHIELD REALTY LTD.
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Location
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Mortgage Calculator
$179,180
Estimated Monthly Payment
$4,401
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $4,401/mo (20% down, 5.5%)
Taxes: $466/mo · Insurance: $224/mo
Estimates only. Consult a financial advisor.
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