501 Fifth Street
Cornwall, ON
- 9 bed
- 5 bath
- 2,882 sqft
- Investment
- 64 days on market
Sellers will to hold some financing. APPROX 8.9 CAP RATE. Well-maintained 5-unit multiplex located in the heart of Cornwall that hits the 1% rule and 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, some 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. Gross income: $75,600 | Insurance:$5504, Taxes: $2139.40, Water/Sewer:$1504 | NOI: $66,452.6 |
Listing Details
- Taxes (2025)
- $2,139
- Listed
- July 5, 2026
Price History
Listing history
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Property
- Lot Size
- 50 x 51.66 Feet
Parking
- Garage
- None
Utilities
- Heat Source
- Electric
Location & Legal
- Cross Street
- Brookdale
- Zoning
- Res20
- Parcel Number
- 601700049
- Possession
- Flexible
- Occupancy
- Tenant
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
Commercial in Cornwall · last 12 months
- Median sold price
- $405,000
- Homes sold
- 687
- Median days on market
- 31
- Sale-to-list price
- 97.4%
Based on 687 recorded sales of commercial properties in Cornwall over the last 12 months.
Listed by
CENTURY 21 SHIELD REALTY LTD.
Walk Score
Walk
Bike
Scores by Walk Score®
Location
Street View
Commercial figures
- Building area
- 2,882 sq ft
- Price per sq ft
- $259.89
- Annual property tax
- $2,139
- Tax per sq ft
- $0.74
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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