46 GULF ST W, Cornwall, ON K6J 2V7
46 GULF ST W, Cornwall, ON K6J 2V7
46 GULF ST W, Cornwall, ON K6J 2V7
46 GULF ST W, Cornwall, ON K6J 2V7
46 GULF ST W, Cornwall, ON K6J 2V7
46 GULF ST W, Cornwall, ON K6J 2V7
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Mike Taylor

Mike Taylor

+1(705) 985-1110
-
Est. payment | /mo

9 Beds

5 Baths

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-
Est. payment | /mo
Save

9 Beds

5 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2500-3000

Subdivision 717 - Cornwall

MLS Listing ID X13524852

Style Other

Bedrooms 9

Annual Tax Amount $2,139

Tax Year 2025

Property Sub-Type Multiplex

Property Description

APPROX 8.9 CAP RATE. Well-maintained 5-unit multiplex located in the heart of Cornwall that hits the 1% rule and 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 |

Location

Province ON

County Stormont, Dundas And Glengarry

Area Stormont, Dundas And Glengarry

Rooms

Family Room No

Basement Unfinished

Kitchen 5

Interior

Interior Features Other

Cooling None

Exterior

Pool None

Roof Type Asphalt Shingle

Lot Frontage 50.0

Lot Depth 51.66

Total Parking Spaces 5

Building

Foundation Other

Others

Senior Community No

ParcelsYN No

Listed by CENTURY 21 SHIELD REALTY LTD.
Mike Taylor

We know the real estate landscape, the best neighbourhoods, and how to build the best relationships. We’re committed to delivering exceptional service based on years of industry expertise and the heartfelt desire to get it right.

+1(705) 985-1110

mike@ninemilerealty.ca

183 Bayfield St, Barrie, ON, L4M 3B4, CAN

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46 GULF ST W

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