$989,900
619 RIDLEY AVENUE
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Beds
—
Baths
—
Sqft
5,832
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
Client RemarksA rare investment opportunity. Purpose-built 6-plex ideally located near downtown Cornwall on a quiet, low-traffic street. This fully rented property offers immediate income with strong potential for future growth, making it an excellent addition to any investment portfolio.The building has been well maintained over the years and generates additional revenue through a coin-operated laundry system. Each unit includes its own parking space, along with two visitor parking spots for added convenience.Two units were fully renovated in 2025 and are achieving top market rents, while the remaining units have seen various updates over time. The building is entirely carpet-free, appealing to both tenants and investors alike.Notable upgrades include front windows (2008-2009), back porch windows (2022), owned hot water tanks (most replaced between 2020-2024), and significant exterior improvements including back porch posts and concrete wall replacement (2025). Additional features include a video intercom system installed in 2023 and four CCTV cameras added in 2024. The coin-operated laundry machines were also replaced in 2024.A solid, income-generating property with reliable tenancy and room to grow - an opportunity you won't want to miss. Please allow 24 business hours irrevocable on all offers. PLS NOTE that Realm & Realtor do not properly display the buildings units. This is a 6 unit building with each unit having 2 bedrooms, living room, dining room, and a 4 pc bathroom. (id:65958)
- Subtype
- Multi-family
- Structure
- Multi-Family
- Community
- 717 - Cornwall
- Living area
- 5,832 square feet
- Lot size
- 5,832 acres
- Lot dimensions
- 5832
- On market
- May 1, 2026
- Status changed
- May 1, 2026
- Annual tax
- $5,597 (2025)
- Zoning
- Res 30
- Photos
- 14
- MLS#
- X13069472
- Area
- CORNWALL
Features and systems
Heating
Cooling
Cash on cash
-6.55%
Cap rate
3.55%
GRM
16.7
Break-even rent
$6,088
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 May 1, 2026.