231 Louisa Street
717 - Cornwall, Cornwall, K6H 4P9
$714,900
Reduced $35,000 from $749,900
- 9 bedrooms
- 5 bathrooms
- 3 parking
- 3000-3500 sq ft
Listed 146 days ago · MLS® X13178748
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.
Details
- Type
- Multiplex
- Style
- 2-Storey
- Size
- 3000-3500 sq ft
- Lot
- 50 × 90 ft
- Basement
- Full, Unfinished
- Garage
- None
- Kitchens
- 5
- Property tax
- $1,662 (2025)
- Neighbourhood
- 717 - Cornwall
- Municipality
- Cornwall
Interior
- Bedrooms
- 9 above ground
- Bathrooms
- 3 × 4-piece, 2 × 3-piece
- Rooms
- 24 above ground
- Family room or den
- No
- Fireplace
- No
- Features
- Sump Pump
Heating, cooling and services
- Heating
- Baseboard, Electric
- Water and sewer
- Sewer
Building and exterior
- Style
- 2-Storey
- Exterior
- Vinyl Siding
- Roof
- Membrane
- Foundation
- Block
- Faces
- West
Parking
- Total parking
- 3
Lot
- Size
- 50 × 90 ft
More
- Possession
- TBA
- Cross street
- Montreal Rd & Walton St
Location
Location is approximate. See nearby homes on the map
Recent sales nearby
See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.
The neighbourhood
Getting around Walkable
No subway, LRT or GO station within a short trip.
Within a 10-minute walk: 1 grocery store, 7 cafés and restaurants, 7 parks, 3 pharmacies. Nearest grocery: Food Basics (650 m). Nearest park: Aimé Leblanc Park (300 m).
Schools nearby
Elementary
- Bishop MacDonnell Catholic School Catholic
EQAO: Gr 6 reading 64%, math 19%1.3 km - Central Public School
EQAO: Gr 6 reading 66%, math 17%1.3 km - École élémentaire publique Rose des Vents French
EQAO: Gr 6 reading 92%, math 67%1.8 km - St. Peter's School Catholic
EQAO: Gr 6 reading 80%, math 67%1.9 km
Secondary
- École secondaire catholique La Citadelle French
EQAO: Gr 9 math 66%, literacy test 92%9 min walk - TR Leger School - Cornwall11 min walk
- École secondaire publique L'Héritage French11 min walk
EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.
Closest schools, not school zones. Check which school serves this address with the school board before relying on it.
Who lives here postal area K6H
- Owners / renters
- 55% / 45%
- Median household income
- $61,200
- Average age
- 45
- Children under 15
- 16%
- Homes
- 51% detached, 6% high-rise
- Commute by transit
- 3%
- Population
- 30,440
Languages spoken most at home besides English: Urdu 1.3%, Punjabi (Panjabi) 0.4%, Tamil 0.3%, Arabic 0.3%.
Safety
Crime Severity Index for Cornwall police: 97 vs 57 for Ontario (2025).
Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.
Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.
Living here
Commute
Noise Nothing major nearby
No highway within 500 m, rail line within 300 m, or airport flight path nearby.
Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.
Internet High-speed
50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).
From the federal broadband map. Check exact speeds and providers for the address.
Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.
Listed by RE/MAX AFFILIATES MARQUIS LTD..
Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.
Similar homes nearby
See more in Cornwall
$730,000
Reduced $34,900
11 bd6 ba4 pk3500-5000 ft²
225 Louisa Street
717 - Cornwall, Cornwall
Multiplex · MLS® X13192728 · RE/MAX AFFILIATES MARQUIS LTD.
$730,000
Reduced $20,000
0 bd0 ba8 pk2500-3000 ft²
217 Adolphus Street
717 - Cornwall, Cornwall
Other · MLS® X13602724 · RE/MAX AFFILIATES MARQUIS LTD.
$732,500
3 bd2 ba3 pk1500-2000 ft²
2415 Watson Crescent
717 - Cornwall, Cornwall
Detached · MLS® X14081444 · REAL BROKER ONTARIO LTD., BROKERAGE
$685,000
3 bd2 ba5 pk2000-2500 ft²
508 Jo Anne Crescent
717 - Cornwall, Cornwall
Detached · MLS® X13884198 · REAL BROKER ONTARIO LTD., BROKERAGE
$680,085
3 bd2 ba6 pk1500-2000 ft²
1412 Caroline Court
717 - Cornwall, Cornwall
Detached · MLS® X13246374 · EXIT REALTY MATRIX
$673,895
3 bd3 ba5 pk1500-2000 ft²
1416 Caroline Court
717 - Cornwall, Cornwall
Detached · MLS® X13246376 · EXIT REALTY MATRIX
$664,999
2+2 bd3 ba3 pk1100-1500 ft²
189 Woodland Drive
717 - Cornwall, Cornwall
Detached · MLS® X13777176 · ZOLO REALTY
$765,000
Reduced $20,000
0 bd0 ba10 pk2500-3000 ft²
2135 Pitt Street
717 - Cornwall, Cornwall
Other · MLS® X13521426 · WHEELER SMART CHOICE REALTY BROKERAGE