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Investment signal

$3,500,000

822 MARLBOROUGH STREET N

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Beds

Baths

17 full + 17 half

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

This brand-new twelve-unit apartment building is a standout opportunity in Cornwall's competitive rental market, where quality units lease almost immediately due to strong demand and limited supply. Perfectly positioned in prime North Cornwall, it's just minutes from FreshCo for everyday shopping, excellent schools, beautiful parks, and the popular Cornwall Aquatic Centre featuring a competition pool, leisure pool, two-story waterslide, and whirlpool. Tenants enjoy modern finishes, a peaceful family-friendly neighbourhood, and unbeatable convenience to everything they need. Sitting on over an acre with excellent long-term growth potential, this turnkey multifamily asset offers reliable cash flow and real upside in one of Eastern Ontario's most promising communities. (id:65958)

Subtype: Multi-family
Structure: Other
Community: 717 - Cornwall
Lot dimensions: 143 x 352 FT
Bedrooms: 23 above grade
Parking: 20 total
Stories: 2
On market: Apr 27, 2026
Status changed: Apr 27, 2026
Annual tax: $21,165 (2025)
Photos: 19
MLS#: X13046302
Area: CORNWALL

Features and systems

Parking

No Garage

Basement

None

Appliances

Two stovesTwo Refrigerators

Heating

Baseboard heatersElectric

Cooling

Air exchangerNone

Exterior

Brick

Negative cash flow ~$3,621/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

-6.21%

Cap rate

3.62%

GRM

16.7

Break-even rent

$21,312

Financing

Down payment$700,000

Loan amount$2,800,000

Mortgage$14,187/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,604

Insurance$80

Maintenance$2,917

CapEx reserve$1,458

Vacancy loss$875

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 $14,187/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 27, 2026.