$600,000
341 NEW STREET
Beds
6
Baths
4
Sqft
—
Year
—
Type
Multi-family
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Edwardsburgh/Cardinal. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Discover a rare and remarkable investment opportunity with this fully tenanted, well-maintained solid 4-plex, ideally located just two blocks from the scenic St. Lawrence River in the charming community of Cardinal.This property delivers impressive cash flow and features four well-appointed units-two generous 2-bedroom suites and two inviting 1-bedroom units. Each tenant enjoys the convenience of separately metered hydro, in-unit laundry, and their own fenced backyard, offering a blend of comfort and privacy rarely found in multi-unit buildings.Adding even more value, the property includes four individual storage units, perfect for seasonal items or additional tenant needs. There's also ample parking for all residents.With its strong rental demand, thoughtful layout, and prime location, this 4-plex stands out as an investment with long-term upside. Whether you're expanding your portfolio or stepping into multifamily ownership, this property checks all the boxes for a smart, reliable, and high-yield asset with over 9% cap rate. (id:65958)
- Subtype
- Multi-family
- Architectural style
- Bungalow
- Structure
- Fourplex
- Community
- 806 - Town of Cardinal
- Lot dimensions
- 99.9 x 113.3 FT
- Bedrooms
- 6 above grade
- Parking
- 6 total
- Stories
- 1
- On market
- Feb 25, 2026
- Status changed
- Apr 24, 2026
- Annual tax
- $3,184.2
- Zoning
- CM
- Photos
- 28
- MLS#
- X12819832
- Area
- EDWARDSBURGH/CARDINAL
Features and systems
Parking
Basement
Appliances
Heating
Cooling
Exterior
Foundation
Utilities
Cash on cash
-4.02%
Cap rate
4.06%
GRM
15.2
Break-even rent
$3,723
Financing
Operating expenses (monthly)
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
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.