$499,900
1316 Cumberland Street, Cornwall, ON K6J 4K7
6 beds4 baths4 parking 1500-2000 ft²
Key facts
- MLS®
- X13769134
- Status
- New
- Type
- Fourplex
- Taxes
- $3,169
- Size
- 1500-2000 ft²
- Parking
- 4 total
- Listed
- 2026-09-10
- Brokerage
- RE/MAX AFFILIATES MARQUIS LTD.
- Cross street
- Cumberland and Thirteenth
Description
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.
IDX listing data provided by AMPRE / TRREB. Information is believed reliable but not guaranteed.