207 Alice Street, Cornwall, ON K6H 4R8
717 - Cornwall, Cornwall · Near From Montreal Rd head North onto Alice Street. · View map
About this home
Excellent Fourplex Investment Opportunity - 10%+ Cap Rate! Located just 500m from St. Lawrence College, this well-located fourplex offers an excellent opportunity for investors looking to add a multi-residential property to their portfolio. The property is also approximately 900m from a grocery store and other amenities, with the nearest bus stop just 200m away. Each of the four units features 2 bedrooms and 1 bathroom, providing a practical and desirable layout for tenants. Each tenant has the right to one parking space located in front of the building. Current monthly rents: 207: $1,350/month - tenant pays own electricity, 207A: $1,750/month - landlord pays utilities, 207B: $1,250/month, 207C: $1,250.73/month. The property currently generates approximately $67,208.78 in total annual rental income, with estimated annual operating expenses of approximately $14,686.55, resulting in an estimated net operating income of $52,522.23. Based on the current income and expenses, the property offers a cap rate of over 10%, making this an attractive income-producing opportunity for investors. The property currently has a gas furnace serving both upper-level units, while the two main-level units have been converted to electric baseboard heating, allowing the tenants in those units to be responsible for their own electricity consumption. With four 2-bedroom units, dedicated parking, convenient access to public transportation, nearby amenities, and its close proximity to St. Lawrence College, this property presents an opportunity for both experienced and first-time investors. As per form 244 offers to contain a 48-hour irrevocability. All showings require minimum 48 hours notice.
The home
- Type
- Fourplex
- Style
- 2-Storey
- Square footage
- 2500-3000 sq ft
- Bedrooms
- 8
- Bathrooms
- 4
- Kitchens
- 4
- Rooms
- 20
- Basement
- Unfinished
- Lot size
- 50 x 67 ft
- Faces
- West
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick
Heating & cooling
- Heating type
- Baseboard
- Fireplace
- No
Garage & parking
- Driveway spaces
- 4
- Total parking
- 4
- Parking features
- Front Yard Parking
Taxes & other
- Property taxes
- $3,152/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Immediate
- Cross street
- From Montreal Rd head North onto Alice Street.
- Neighbourhood
- 717 - Cornwall
More
- Price per sq ft
- ~$191 (at 2,750 sq ft)
- MLS® number
- X13801788
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The home and its surroundings
- Carpet Free
- Water Meter
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
207 Alice Street, Cornwall, ON K6H 4R8
717 - Cornwall, Cornwall · Near From Montreal Rd head North onto Alice Street.
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Listing history for 207 Alice Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 207 Alice Street
Answers come straight from this home’s MLS® listing.
How much is 207 Alice Street listed for, and what would it cost each month?
207 Alice Street is listed for $525,000. With 20% down ($105,000), the mortgage payment would be roughly $2,118 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $2,380 a month, all in. That figure is an illustration, not a quote.
Is 207 Alice Street freehold or a condo, and is there a monthly fee?
207 Alice Street is a fourplex in 717 - Cornwall, Cornwall. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 207 Alice Street have?
207 Alice Street has 8 bedrooms and 4 bathrooms. The listing gives the style as 2-storey.
Does 207 Alice Street have a garage and parking?
The listing does not show a garage. The driveway adds 4 spaces. In total the listing counts 4 parking spaces.
Does 207 Alice Street have a finished basement?
The listing describes the basement as unfinished.
What style of home is 207 Alice Street?
207 Alice Street is a fourplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 207 Alice Street, and what is the lot size?
The listing puts the home between 2,500 and 3,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 50 x 67 ft.
How is 207 Alice Street heated and cooled?
Heating is baseboard. The listing does not show air conditioning.
What are the property taxes for 207 Alice Street?
Property taxes are $3,152 a year (2025), or about $263 a month.
Where is 207 Alice Street?
207 Alice Street is in the 717 - Cornwall community of Cornwall. The nearest main intersection is From Montreal Rd head North onto Alice Street.. The postal code is K6H 4R8.
Is 207 Alice Street still for sale?
Yes. It is an active listing (MLS® X13801788). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 207 Alice Street asking?
Similar properties for sale nearby right now include 300 St Felix Street at $489,900 (7 bed), 306 Marlborough Street N at $399,000 (7 bed) and 1316 Cumberland Street at $499,900 (6 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 207 Alice Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 207 Alice Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near 717 - Cornwall, picked by style, size and price.
Fourplex$489,900300 St Felix Street, Cornwall7 bed · 4 bath · 717 - CornwallCourtesy of: ROYAL LEPAGE TEAM REALTYView home →
Triplex$399,000306 Marlborough Street N, Cornwall7 bed · 3 bath · 717 - CornwallCourtesy of: RE/MAX AFFILIATES MARQUIS LTD.View home →
Fourplex$499,9001316 Cumberland Street, Cornwall6 bed · 4 bath · 717 - CornwallCourtesy of: RE/MAX AFFILIATES MARQUIS LTD.View home →Courtesy of: RE/MAX AFFILIATES MARQUIS LTD.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.