Description

 Price: $ 764,900.00 MLS^®: X13192728         Location : 225 Louisa Street, Cornwall, ON K6H 4P9

Rare opportunity to acquire a fully tenanted 6-unit income property offering strong cash flow and excellent long-term investment potential. Featuring a desirable mix of spacious 1, 2, and 3-bedroom units, this property provides broad tenant appeal and reliable rental stability. The building currently generates $81,346.56 in gross annual rental income, with annual operating expenses of $21,305, resulting in an estimated Net Operating Income of $60,041.56 and an estimated 7.8% cap rate. Several units offer all-inclusive living, contributing to strong tenant retention and consistent occupancy. Conveniently located close to St. Lawrence College, public transit, shopping, and other amenities, this income-producing property presents an excellent opportunity for investors seeking stable returns, consistent income performance, and future growth potential. Minimum 24-hour notice required for all showings. Please allow 48-hour irrevocable on all offers.

Location Description

Montreal rd and Walton St.

Property Details

• Community: 717 - Cornwall
• Property Type: Tenant/Residential Freehold
• Bedrooms: 11
• Bath: 6
• Garages: None

Building Features

• Foundation Type: Concrete
• Construction Material: Wood
• Total Parking Space: 4

Features

• Heating: Baseboard Electric
• Sewer: Sewer ,