$699,900
For sale: Multiplex

Don't miss out on this 6 plex with an excellent cap rate of 7.85%. The property features 1-3 bdrm unit, 2-2 bdrm units, 1-1 bdrm unit and 2 bachelor apartments. This building is fully rented and very clean. The building is for sale as the present owners are retiring. The property includes 5 fridges and 5 stoves (unit 1 is tenant owned)and a coin operated washer/dryer in the basement. There is a 2.5 car garage that could be converted to storage for extra rental income. The garage shingles were changed end of April, 2025. The property is adjacent to King George park and close to shopping, schools and bus. 48 hours notice for all showings and 48 hours irrevocable on all offers.
Sold data
Multiplex homes in Cornwall took a median of 42 days to sell over the last 365 days, with the quickest quarter selling within 21 days and the slowest quarter taking more than 80, across 72 recorded sales.
The median sale price was $391,200.
Homes sold for about 4.0% below asking on average, so there was room to negotiate.
About 12% of sales closed above the list price.
Around 31% of sellers reduced their price before finding a buyer.
Based on 72 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Cornwall has 18 Fraser Institute–rated schools (11 elementary and 7 secondary), averaging 4.4/10.
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale

$680,085
Detached1412 CAROLINE COURT, 717 - Cornwall, Cornwall

$649,000
Vacant LandLOT 15 VINCENT MASSEY DRIVE, 717 - Cornwall, Cornwall

$595,000
Vacant Land786 SEVENTH STREET W, 717 - Cornwall, Cornwall

$780,000
Detached6802 RIVERVIEW DRIVE, 723 - South Glengarry (Charlottenburgh) Twp, South Glengarry

$579,900
Detached616 SURGENOR STREET W, 717 - Cornwall, Cornwall

$699,000
Vacant LandVACANT 10 CONCESSION, 721 - North Glengarry (Lochiel) Twp, North Glengarry

$673,895
Detached1416 CAROLINE COURT, 717 - Cornwall, Cornwall

$799,000
Multiplex205 FIRST STREET E, 717 - Cornwall, Cornwall