501 Fifth Street, Cornwall, ON
Property Highlights
Welcome to this remarkable investment located in the coveted neighborhood of Cornwall. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $749,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 9 Bedrooms and 5 Bathrooms with 5 functional kitchens
- Premium 50 x 51.66 ft lot size
- equipped with no central cooling and highly efficient other heating via electric
Description
Sellers will to hold some financing. APPROX 8.9 CAP RATE. Well-maintained 5-unit multiplex located in the heart of Cornwall that hits the 1% rule and 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, some 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. Gross income: $75,600 | Insurance:$5504, Taxes: $2139.40, Water/Sewer:$1504 | NOI: $66,452.6 |
Schedule a Tour
Contact us to schedule a private viewing of this property.
Contact Agent
Property Summary
This investment located at 501 Fifth Street, Cornwall is currently for sale and has been available on SousaSells for 55 days. This property is listed at $749,000 with an estimated mortgage of $2,493* per month. It has 9 beds, 5 bathrooms, and is unknown square feet. 501 Fifth Street, Cornwall is in the Cornwall neighborhood.
Work with the SOUSA TEAM to unlock your .
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 9 bedrooms and 5 bathrooms, this home offers ample space and comfort for growing families in Cornwall, Cornwall.
- •9 spacious bedroom layout offering versatile living space
- •5 well-appointed bathrooms
- •Desirable Investment architecture in Cornwall, Cornwall
Growing families needing multi-bedroom flexibility and space in Cornwall, Cornwall.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
None listed
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 501 Fifth Street, Cornwall, ON
Q.What is the asking price for 501 Fifth Street, Cornwall, ON ?
The current listing price for 501 Fifth Street, Cornwall, ON in Cornwall, Cornwall is $749,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 9 bedrooms and 5 bathrooms.
Q.What property type and architectural style is 501 Fifth Street, Cornwall, ON ?
501 Fifth Street, Cornwall, ON is a Investment () featuring a basement.
Q.What heating and cooling systems are installed?
Heating is provided via Electric and cooling via No.
Virtual Tour & 3D Walkthrough
Virtual 360° Walkthrough & Live Video Tour
Request a live agent video tour or get 3D virtual walkthrough access for 501 Fifth Street, Cornwall, ON .
Location
Google Street View
Open in Google MapsNeighborhood Safety & Crime Analytics
Cornwall, Cornwall
8 assaults (30.0/100k)
8 B&E (30.0/100k)
10 thefts (35.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) Ă— 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 501 Fifth Street W, Cornwall, ON K6J 2V7
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Mortgage & Affordability Audit
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Cornwall.
Configure Loan Settings
About Purchasing a Home in Cornwall, ON
For a property listed at $749,000 in Cornwall, the legal minimum down payment is $49,900 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $11,455 for this transaction. As this listing is in Cornwall (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $11,455.
Similar Listings in Cornwall, Cornwall
Explore all Just Listed Homes in Cornwall →
Cornwall, Cornwall Neighborhood Guide
Comprehensive city-wide demographics, local real estate stats, and school rankings for Cornwall, Cornwall.
People & Families
Age Distribution
Household Composition
Top Ethnic Origins
Best Schools in Cornwall, Cornwall
Elementary Schools
Secondary Schools
Cornwall, Cornwall Demographic Home information
Structural Home Types
Tenure (Ownership vs Rental)
Need more details or a custom CMA?
Generate a full market evaluation or explore city guides using the sidebar links.
Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
Similar Active Listings in Cornwall
Compare prices, square footage, and school zones for similar Commercial nearby
217 Adolphus Street, Cornwall
Welcome to 217 Adolphus Street, better known as the Cardinal Inn. This exceptional property is curre...
1180 Pitt Street, Cornwall
No description available
2135 Pitt Street, Cornwall
Welcome to a very unique home with so many options. This 2849sq ft home on 1.66 acres with attached ...
1343 Rosemount Avenue, Cornwall
The subject property consists of a 1.13-acre parcel of serviced land, with approximately 240 ft of f...