225 Louisa Street, Cornwall, ON K6H 4P9
- $764,900
- 11
- BD
- 6
- BA
- 3,500
- SqFt
- List Price
- $764,900
- MLS#
- X13192728
- Status
- ACTIVE
- Type
- Multifamily
- SubType
- Multiplex
- Style
- 2-Storey
- Bedrooms
- 11
- Bathrooms
- 6
- Living Area
- 3500-5000
- Province
- ON
- Municipality
- Cornwall
- Area
- Stormont, Dundas and Glengarry
- Neighborhood
- 717 - Cornwall
- Subdivision
- Montreal Rd And Walton St.
Property Description
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 $75,519.12 in gross annual rental income, with annual operating expenses of $21,282, resulting in an estimated Net Operating Income (NOI) of $54,237.12. 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.
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Additional Information
- Taxes
- $4,623
- Heat Type
- Baseboard
- Heat Source
- Electric
- Air Conditioning
- None
- Kitchens
- 6
- Exterior
- Wood
- Garage Type
- None
- Pool
- None
- Parking Spaces
- 4
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Listing courtesy of RE/MAX AFFILIATES MARQUIS LTD..