$774,900
501 FIFTH STREET W
Beds
9
Baths
5
Sqft
—
Year
—
Type
Multi-family
Suite
Investment signal
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
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:65958)
- Subtype
- Multi-family
- Structure
- Other
- Community
- 717 - Cornwall
- Lot dimensions
- 50 x 51.7 FT
- Bedrooms
- 9 above grade
- Parking
- 5 total
- On market
- Feb 3, 2026
- Status changed
- Apr 28, 2026
- Annual tax
- $2,139 (2025)
- Photos
- 10
- MLS#
- X12755470
- Area
- CORNWALL
Features and systems
Parking
Basement
Heating
Cooling
Exterior
Cash on cash
-6.69%
Cap rate
3.53%
GRM
16.7
Break-even rent
$4,784
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.
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.
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 28, 2026.