231 Louisa Street
Cornwall, ON
- 9 bed
- 5 bath
- approx. 3000-3500 sqft
- Multiplex
- 111 days on market
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.
Listing Details
- Taxes (2025)
- $1,662
- Listed
- May 26, 2026
Price History
Property
- Style
- 2-Storey
- Construction
- Vinyl Siding
- Roof
- Membrane
- Foundation
- Block
- Interior
- Sump Pump
- Lot Size
- 50 x 90 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 3
Utilities
- Sewer
- Sewer
- Heat Source
- Electric
Location & Legal
- Cross Street
- Montreal Rd & Walton St
- Parcel Number
- 601550046
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Exclusions
- Tenant Belongings
Schools
Secondary
- École secondaire catholique La Citadelle0.6 km
French Catholic · CSDC de l'Est ontarien · 465 students
Grade 10 literacy: 92% met the provincial standard
- École secondaire publique L'Héritage0.7 km
French public · CÉP de l'Est de l'Ontario · 195 students
Grade 10 literacy: 95% met the provincial standard
- St Lawrence Secondary School1.5 km
Public · Upper Canada DSB · 505 students
Grade 10 literacy: 53% met the provincial standard
Elementary
- École élémentaire publique L'Héritage0.7 km
French public · CÉP de l'Est de l'Ontario · 125 students
- École intermédiaire catholique La Citadelle0.8 km
French Catholic · CSDC de l'Est ontarien · 195 students
- Bishop Macdonell Separate School1.2 km
Catholic · CDSB of Eastern Ontario · 385 students
Grade 3 reading: 47% met the provincial standard · Grade 6 math: 19% 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 K6H
- Population
- 30,440
- Private dwellings
- 14,112
- Median age
- 46
- Average household size
- 2.2
- Median household income
- $61,200
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
- $407,000
- Homes sold
- 676
- Median days on market
- 31
- Sale-to-list price
- 97.4%
Based on 676 recorded sales of residential freehold properties in Cornwall over the last 12 months.
Listed by
RE/MAX AFFILIATES MARQUIS LTD.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$149,980
Estimated Monthly Payment
$3,684
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: $3,684/mo (20% down, 5.5%)
Taxes: $139/mo · Insurance: $187/mo
Estimates only. Consult a financial advisor.
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