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Investment signal

$2,650,000

1107 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 1107 Gretchen Court, a well-located property that hosts both a 2016 built fourplex and a 2024/25 built duplex all on one lot for a total of 6 units on one property. Each of the spacious units offer stunning curb appeal and all the conveniences that appeal to a wide spectrum of tenants. Each of the 6 units on 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 in the fourplex host west facing balconies while the main level units in the fourplex have both a front entrance and a rear entrance off the parking lot. This property currently grosses $135,648 annually, and with market priced rents has a potential gross revenue of $156,000 annually. Current operating expenses are $22,465.50 and Net Operating Income is $113,182.50. 24h Notice minimum for all showings. As per for 244, seller required 24h irrevocable on all offers. (id:65958)

Subtype: Multi-family
Structure: Other
Community: 717 - Cornwall
Lot dimensions: 110.4 x 187.9 FT
Bedrooms: 12 above grade
Parking: 8 total
Stories: 2
On market: Feb 24, 2026
Status changed: Apr 24, 2026
Annual tax: $11,650 (2025)
Photos: 18
MLS#: X12814648
Area: CORNWALL

Features and systems

Parking

No Garage

Basement

None

Appliances

Water Heater

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

BrickVinyl siding

Foundation

ConcreteSlab

Utilities

SewerElectricityCable

Negative cash flow ~$2,761/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

-6.25%

Cap rate

3.61%

GRM

16.7

Break-even rent

$16,157

Financing

Down payment$530,000

Loan amount$2,120,000

Mortgage$10,742/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,215

Insurance$80

Maintenance$2,208

CapEx reserve$1,104

Vacancy loss$663

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 $10,742/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.