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Pemberton Holmes Ltd.

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225 Louisa Street
homes for sale · Cornwall
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$730,000

225 Louisa Street

Cornwall · MLS® X13192728

1164

House · Multi-family · 150 days on market

listed by TAYLOR GINGRAS, RE/MAX AFFILIATES MARQUIS LTD.

realtor's 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.

property details

type
House, Multi-family
bedrooms
11
bathrooms
6
parking
4
property tax
$4,623 / yr
days on market
150
MLS®
X13192728

monthly cost

$3,566/mo
Mortgage $3,181 · Tax $385

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment
$3,181/ monthly
loan $584,000
25-year amortization
total interest
$370,162
cash to close
$146,000
down payment; transfer tax and fees not included
total paid
$954,162

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

location

CornwallGoogle Maps ↗

Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.

listed by
TAYLOR GINGRAS
RE/MAX AFFILIATES MARQUIS LTD.
call TAYLOR · 613-577-1888
Powered by: REALTOR.ca

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location

CornwallGoogle Maps ↗
0

Walkability 0/100 · Car needed for most errands

Nothing everyday within a 10 minute walk.

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