1316 CUMBERLAND STREET, Cornwall
$499,900
For sale: Multiplex
- Property type
- Fourplex
- Bedrooms / bathrooms
- 6 bedrooms, 4 bathrooms
- Living area
- 2,000 sqft
- MLS®
- MLS® X13769134
- Neighbourhood
- 717 - Cornwall
1316 Cumberland Street is a strong income producing fourplex bringing in approximately $53,556 in annual rental income with an estimated NOI of $38,488. At the current asking price, that works out to an impressive 7.7% cap rate and approximately 12% cash-on-cash ROI (Approx figures. Actual rates, expenses and returns may vary) Add in a metal roof and a ton of parking in the rear - a huge advantage for a multi-unit property, and you've got an investment built for strong cash flow today with long-term potential. Four units. Great income. High cash flow. This one deserves a spot in your portfolio. Reach out now for income/expense breakdown.
Sold data
Multiplex homes in Cornwall — recent sold market
Multiplex homes in Cornwall took a median of 42 days to sell over the last 365 days, with the quickest quarter selling within 22 days and the slowest quarter taking more than 80, across 72 recorded sales.
The median sale price was $398,650.
Homes sold for about 4.0% below asking on average, so there was room to negotiate.
About 11% of sales closed above the list price.
Around 31% of sellers reduced their price before finding a buyer.
- Median days to sell
- 42
- Median sale price
- $398,650
- Sale-to-list ratio
- 96.0%
- Sold above asking
- 11%
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
Schools in Cornwall
Cornwall has 18 Fraser Institute–rated schools (11 elementary and 7 secondary), averaging 4.4/10.
- Rated schools
- 18
- Elementary
- 11
- Secondary
- 7
- Average rating
- 4.4 / 10
Top-rated schools in Cornwall
- St Anne's — elementaryFraser rating 6.9/10
- Rose des Vents — elementaryFraser rating 6.7/10
- St. Joseph's — secondaryFraser rating 6.1/10
- Marie-Tanguay — elementaryFraser rating 5.6/10
- Notre-Dame — elementaryFraser rating 5.3/10
- St Peter's — elementaryFraser rating 5.3/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
Homes for sale near 1316 CUMBERLAND STREET
$499,000
Multiplex642,500–3,000 sqft98 NORTH STREET, 919 - Lanark Highlands (Lanark Village), Lanark Highlands
$599,900
Multiplex643,000–3,500 sqft341 NEW STREET E, 806 - Town of Cardinal, Edwardsburgh/Cardinal
$365,000
Multiplex641,500–2,000 sqft107-109 CUMBERLAND STREET, 717 - Cornwall, Cornwall
$329,900
Multiplex421,500–2,000 sqft21 ARTHUR STREET, 717 - Cornwall, Cornwall
$530,000
Multiplex553,500–5,000 sqft401-403 WATER STREET E, 717 - Cornwall, Cornwall
$435,000
Detached321,100–1,500 sqft421 BEACH AVENUE, 717 - Cornwall, Cornwall
$399,900
Semi-Detached/Link4+121,100–1,500 sqft148 LOTTIE AVENUE, 717 - Cornwall, Cornwall
$695,000
Vacant Land700 BROOKDALE AVENUE, 717 - Cornwall, Cornwall