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 44 days to sell over the last 365 days, with the quickest quarter selling within 20 days and the slowest quarter taking more than 76, across 78 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 45 days.
The median sale price was $399,900.
Homes sold for about 4.2% below asking on average, so there was room to negotiate.
About 10% of sales closed above the list price.
Around 27% of sellers reduced their price before finding a buyer.
- Median days to sell
- 45
- Median sale price
- $399,900
- Sale-to-list ratio
- 95.8%
- Sold above asking
- 10%
Based on 78 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
$599,900
Multiplex643,000–3,500 sqft341 NEW STREET E, 806 - Town of Cardinal, Edwardsburgh/Cardinal
$359,900
Multiplex622,000–2,500 sqft225 8TH STREET W, 717 - Cornwall, Cornwall
$764,900
Multiplex1163,500–5,000 sqft225 LOUISA STREET, 717 - Cornwall, Cornwall
$549,000
Multiplex7+231,500–2,000 sqft466-468 CATHERINE STREET, 612 - Hawkesbury, Hawkesbury
$749,900
Multiplex953,000–3,500 sqft231 LOUISA STREET, 717 - Cornwall, Cornwall
$699,900
Multiplex742,500–3,000 sqft10 GLEN AVENUE, 901 - Smiths Falls, Smiths Falls
$749,900
Multiplex1163,500–5,000 sqft31 CHURCH STREET, 705 - Chesterville, North Dundas
$1,095,000
Multiplex6+242,000–2,500 sqft1288 PLANTE DRIVE, 4803 - Hunt Club/Western Community, Ottawa