1316 Cumberland Street, Cornwall, ON
Property Highlights
Welcome to this remarkable 2-Storey fourplex located in the coveted neighborhood of Cornwall. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $499,900 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.
- 6 Bedrooms and 4 Bathrooms with 4 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 50 x 100 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available
- Notable attributes: Other
- Efficient baseboard heating via electric
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.
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Property Summary
This fourplex located at 1316 Cumberland Street, Cornwall is currently for sale and has been available on SousaSells for 1 day. This property is listed at $499,900 with an estimated mortgage of $1,664* per month. It has 6 beds, 4 bathrooms, and is 1500-2000 square feet. 1316 Cumberland Street, Cornwall is in the Cornwall neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 6 bedrooms and 4 bathrooms, this home offers ample space and comfort for growing families in Cornwall, Cornwall.
- •6 spacious bedroom layout offering versatile living space
- •4 well-appointed bathrooms
- •1500-2000 sqft of generous functional square footage
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
- Other
Security Features
None listed
Community Features
None listed
Property History
No historical data available for this property.
This could be the first listing for this address.
Looking to Buy a Home in Cornwall?
If you are looking for a house in Cornwall or researching Cornwall real estate for sale, this 6-bedroom fourplex at 1316 Cumberland Street, Cornwall, ON offers an exceptional opportunity to buy a home in Cornwall, Ontario. Whether you are a first-time Cornwall home buyer or comparing active Cornwall MLS® homes for sale, working with a dedicated Cornwall buyer agent ensures you receive priority showing access, unrepresented buyer protection, and aggressive price negotiation.
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Under Ontario REBBA/TRESA regulations, the listing brokerage is legally bound to the seller's financial interests. Work with an experienced Cornwall realtor & real estate broker who represents you 100%—at zero cost to you as a buyer.
Cornwall Buyer Budget & Costs
Estimated mortgage: $1,664*/month*. Estimated Ontario Land Transfer Tax: $6,473. First-time Cornwall home buyers may qualify for up to $8,475 in rebates.
Frequently Asked Questions: Buying a Home in Cornwall
Frequently Asked Questions about 1316 Cumberland Street, Cornwall, ON
Q.What is the asking price for 1316 Cumberland Street, Cornwall, ON ?
The current listing price for 1316 Cumberland Street, Cornwall, ON in Cornwall, Cornwall is $499,900.
Q.How many bedrooms and bathrooms does this property have?
This property features 6 bedrooms and 4 bathrooms across approximately 1500-2000 sqft.
Q.What property type and architectural style is 1316 Cumberland Street, Cornwall, ON ?
1316 Cumberland Street, Cornwall, ON is a Fourplex (2-Storey) featuring a Unfinished basement.
Q.What interior features are included in this home?
Interior highlights include: Other.
Q.Is parking available at this property?
Yes, this property offers parking space for 4.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via Electric and cooling via None.
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Location
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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.
Pricing & Value Insights
Data-driven valuation for 1316 Cumberland Street, Cornwall, ON K6J 4K7
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Cornwall, ON
For a property listed at $499,900 in Cornwall, the legal minimum down payment is $24,995 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 $6,473 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 $6,473.
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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.
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