Property Information:

Well-maintained 5-unit multiplex located in the heart of Cornwall, 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, most 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. (id:27)

Building Features:

Style: Multiplex
Building Type: Other
Basement Development: Unfinished
Basement Type: N/A
Exterior Finish: Aluminum siding
Floor Space: 2500 - 3000 sqft
Heating Type: Other
Cooling Type: None

Property Features:

Property Type: Multi-family
Bedrooms: 9
Bathrooms: 5
Floor Space (approx): 2500 - 3000 Square Feet
Irregular: Yes
Lot Depth: 51.7 Feet
Lot Frontage: 50 Feet
Lot Size: 50 x 51.7 FT
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 5

Courtesy of: CENTURY 21 SHIELD REALTY LTD.

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Demographic Information of 501 FIFTH STREET W, Cornwall, Ontario, K6J 2V7

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$77,456.46

Average Number of Children

1.72

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

26.44 %

High school certificate or equivalent

36.0 %

Apprenticeship trade certificate/diploma

7.14 %

College/non-university certificate

25.99 %

University certificate (below bachelor)

0.01 %

University Degree

4.41 %

Commuter

Travel To Work

By Car

83.49 %

By Public Transit

1.41 %

By Walking

11.77 %

By Bicycle

2.17 %

By Other Methods

1.16 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

18.95 %

Houses

81.05 %

501 FIFTH STREET W, Cornwall, Ontario, K6J 2V7