225 Louisa Street Cornwall, Ontario K6H 4P9

$764,900

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. (id:43934)

Property Details

MLS® Number	X13192728
Property Type	Multi-family
Community Name	717 - Cornwall
Parking Space Total	4

Building

Bathroom Total	6
Bedrooms Above Ground	11
Bedrooms Total	11
Basement Development	Partially Finished
Basement Type	Full (partially Finished)
Cooling Type	None
Exterior Finish	Wood
Foundation Type	Concrete
Heating Fuel	Electric, Natural Gas
Heating Type	Baseboard Heaters, Forced Air
Stories Total	2
Size Interior	3,500 - 5,000 Sqft
Type	Other
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	90 Ft
Size Frontage	50 Ft
Size Irregular	50 X 90 Ft
Size Total Text	50 X 90 Ft

https://www.realtor.ca/real-estate/29812138/225-louisa-street-cornwall-717-cornwall