For sale

I don't have enough recent comparable sales to call this one's price, but new this week. Here's everything I've got on it — ask me anything.

Cornwall · Cornwall

1316 Cumberland Street

Fourplex

MLS® #X13769134

Listed for$499,9002 days on market

6 bed 4 bath 4 parking 1500-2000 sq ft~$286/sq ft

New this week
Transit stop ~289.6 km

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Est. all-in monthly~$2,590/momortgage + property tax + maintenance · 20% down · example rate (compounded semi-annually) — the math on the list price, not a quote or what you can afford. For real rates, Alex can connect you with a mortgage pro.

On the map

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This home below comps above in lineOpen full map →

0 schools within ~1 km · nearest transit stop ~289.6 km

Property information

What house buyers ask first

Lot size: 50 × 100 ft
Square footage: 1500-2000 sq ft
Property tax: $3,169 / yr
Parking: 4 spaces · None
Basement: Unfinished

Property summary

Property type: Fourplex
Style: 2-Storey
Lot size: 50 × 100 ft
Parking: 4 spaces · None
Heating: Baseboard
Air conditioning: None
Basement: Unfinished
Kitchens: 4
Exterior: Vinyl Siding
Property tax: $3,169 / yr
MLS®: X13769134

As stated by the MLS®, nothing inferred.

Nearby homes for sale

Below-comps first · all nearby homes shown, not just the good-value ones.

Semi-Detached

$369,900$390,000Price reduced from $390,000

Below recent sales

2 Bellamy Street

3 bed · 2 bath·700-1100 sq ft·2 parking

Cornwall

Listed 191 days ago · Exsellence Team Realty Inc.

Detached

$359,900$399,900Price reduced from $399,900

Above recent sales

1418 Cumberland Street

2+2 bed · 2 bath·< 700 sq ft·8 parking

Cornwall

Listed 48 days ago · RE/MAX Affiliates Marquis Ltd.

Detached

$544,900

Above recent sales

1635 Brookdale Avenue

2+2 bed · 2 bath·1100-1500 sq ft·11 parking

Cornwall

Listed 29 days ago · RE/MAX Affiliates Marquis Ltd.

Duplex

$299,900

1211A-1211B Notre Dame Street

2 bed · 2 bath·1500-2000 sq ft·4 parking

Cornwall

Listed 53 days ago · Real Broker Ontario Ltd., Brokerage

Duplex

$460,000

12 - 12A Cartier Avenue

4 bed · 2 bath·2000-2500 sq ft·2 parking

Cornwall

Listed 36 days ago · RE/MAX Affiliates Marquis Ltd.

Duplex

$375,000$399,900Price reduced from $399,900

122 New Street

6 bed · 2 bath·1500-2000 sq ft·6 parking

Cornwall

Listed 82 days ago · RE/MAX Affiliates Marquis Ltd.

The numbers that matter

Property tax: $3,169/yr
Est. all-in: ~$2,590/mo

Nearby rental listings are facts. Whether it works as a rental is a chat with Alex — not a number I’ll put on it.

Schools

We list nearby schools as factual locations only. For this home, check the authoritative tools directly:

Browse schools near this home Nearby elementary & secondary schools, mapped Check provincial results — EQAO Official Ontario assessment results, searchable by school

Getting around

Public transit near this home, by straight-line distance. Factual locations from OpenStreetMap — not walking time, and not a rating.

Trent UniversityNearest transit · Bus stop~289.6 km

Locations: OpenStreetMap public-transit stops, © OpenStreetMap contributors · Open Database Licence (ODbL). Stop locations from OpenStreetMap — confirm current routes and service with the transit agency.

Community — Cornwall

$418KMedian sold

44Median days on market

97.8%Sale-to-list

Median sold price · Cornwall1-yr +4% · 3-yr +12%

Source: TRREB sold data via Repliers · all property types

Description & details

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.

The data only goes so far — condition, light and layout are worth seeing in person, with a home inspection, before you commit.

Listed by RE/MAX AFFILIATES MARQUIS LTD.. Showings via AskEmma by Alex Goodman, Sales Representative, RE/MAX Your Community Realty, Brokerage.