231 Louisa St

About this Property

Welcome to your next investment opportunity! This fully tenanted 5-plex offers a rare combination of strong cash flow, reliable rental income, and long-term growth potential. Generating approximately $81,000 in gross annual income and an estimated 8% cap rate, this income-producing property is well positioned for investors seeking solid returns from day one. Comprised of five self-contained residential units with established tenants in place, the building provides dependable revenue while benefiting from continued demand for quality rental housing. Conveniently located close to shopping, schools, parks, public transit, and other everyday amenities, the property appeals to a wide range of tenants and supports long-term occupancy. Whether you're expanding an existing portfolio or entering the multi-family market, this 5-plex represents an excellent opportunity to acquire a well-performing asset with proven income and future upside potential. A minimum of 24 hours' notice is required for all showings. Please allow 48 hours irrevocable on all offers as per Form 244.

Listing Details

MLS #

X13178748

Board

PROPTX

Market

ontario

Property Type

Multiplex

Style

2-Storey

Garage

None

Parking Spaces

3

Basement

Full, Unfinished

Heating

Baseboard

Cooling

None

Pool

None

Lot Size

50 × 90 ft

Annual Taxes

$1,662/yr

Listed By

REMAX AFFILIATES MARQUIS LTD.

Listed On

May 26, 2026