501 Fifth Street W Cornwall, Ontario K6J 2V7
9 Bedroom
5 Bathroom
2,882 sqft
None
Other
Acreage
$749,000
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 | (id:15069)
Property Details
| MLS® Number | X13524850 |
| Property Type | Multi-family |
| Community Name | 717 - Cornwall |
| Parking Space Total | 5 |
Building
| Bathroom Total | 5 |
| Bedrooms Total | 9 |
| Cooling Type | None |
| Heating Type | Other |
| Size Exterior | 2882 Sqft |
| Size Interior | 2,882 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | Yes |
| Size Depth | 51 Ft ,7 In |
| Size Frontage | 50 Ft |
| Size Irregular | 2882 |
| Size Total | 2882 Ac |
| Size Total Text | 2882 Ac |
| Zoning Description | Res20 |
https://www.realtor.ca/real-estate/29991514/501-fifth-street-w-cornwall-717-cornwall
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July 06 2026 12:29:52
Cornwall & District Real Estate Board
Century 21 Shield Realty Ltd.