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Investment signal

$1,600,000

1101 GRETCHEN COURT

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Beds

Baths

Sqft

—

Year

—

Type

Multi-family

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Cornwall. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Welcome to 1101 Gretchen Court, a 2015 quality built and well located fourplex that offers spacious units, stunning curb appeal, and all the conveniences that appeal to a wide spectrum of tenants. Each of the 4 units in this turn key investment property are approximately 1100sqft and feature 2 bedrooms, 1 bathroom, natural gas forced air furnace, and central air conditioning. The upper units host west facing balconies while the main level units have both a front entrance and a rear entrance off the parking lot. This property currently grosses $73,692 annually, and with market priced rents has a potential gross revenue of $103,2000 annually. Current operating expenses are $19,461 and Net Operating Income is $54,231. 24h Notice minimum for all showings. As per for 244, seller required 24h irrevocable on all offers. (id:65958)

Subtype: Multi-family
Structure: Fourplex
Community: 717 - Cornwall
Lot dimensions: 95.5 x 169.1 FT
Bedrooms: 8 above grade
Parking: 6 total
Stories: 2
On market: Mar 4, 2026
Status changed: Apr 24, 2026
Annual tax: $11,650 (2025)
Photos: 18
MLS#: X12842682
Area: CORNWALL

Features and systems

Parking

No Garage

Basement

None

Appliances

Water Heater

Heating

Forced airNatural gas

Cooling

None

Exterior

BrickVinyl siding

Foundation

ConcreteSlab

Utilities

SewerElectricityCable

Negative cash flow ~$1,699/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.37%

Cap rate

3.59%

GRM

16.7

Break-even rent

$9,788

Financing

Down payment$320,000

Loan amount$1,280,000

Mortgage$6,486/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$733

Insurance$80

Maintenance$1,333

CapEx reserve$667

Vacancy loss$400

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $6,486/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.