501 FIFTH STREET W, Cornwall
Well-maintained 5-unit multiplex located in the heart of Cornwall, 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 | (id:25961)
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Details
- Equipment: Water Heater
- Parking Spaces: 5
- Rental Equipment: Water Heater
- Transaction: For sale
Building
- BasementType: N/A (Unfinished)
- Basement Development: Unfinished
- Bedrooms Main Level: 9
- Cooling: None
- Exterior Finish: Aluminum siding
- Fireplace Present: False
- Bathrooms (Total): 5
- Heating: Other
- Size Interior: 2500 - 3000 sqft
- Type: Other
- Utility Water: Municipal water
Land
- Sewer: Sanitary sewer
- Size Depth: 51 ft ,8 in
- Size Frontage: 50 ft
- Size Irregular: 50 x 51.7 FT
This property for sale is located at 501 FIFTH STREET W in Cornwall. It was last modified on April 28th 2026. Let us connect you with one of our real estate agents to schedule a viewing or to discover other Cornwall homes for sale.
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