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955

MLS® X13524850

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size -
Garage None
Taxes $2,139
Days Active 0
Lot Size 
Approx. Age 
MLS® Number X13524850

Property Address: 501 Fifth St W, Cornwall, ON, K6J2V7

Average square foot calculated using Size range provided by listing agent.

Description

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 |Show Description
MLS® NumberX13524850
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNone
Approx. Age
Basement
DrivewayGarage Type:None
Garage Spaces
HeatElectric, Other
A/CNo

Extras

Price History

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  • Commute

Commute

Starting Address
Destination Address
501 Fifth St W, Cornwall, ON
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