$724,900
For sale: Multiplex

Excellent investment opportunity in the heart of Cornwall! This well-maintained six-unit residential building offers investors a stabilized, income-producing asset with strong existing rents, quality tenants, and additional upside potential. The current owners have done an excellent job stabilizing the property, providing a solid foundation for the next investor. Priced at approximately $120,000 per unit, this property presents an attractive opportunity for both seasoned investors and those looking to expand their multifamily portfolio. Conveniently located near local amenities, shopping, schools, and public transit. A great opportunity to acquire a solid multifamily investment in Cornwall's rental market. Contact today for additional information and financials.
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 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.
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.
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