504 Walton Street, Cornwall, ON K6H 1T4
- Property tax
- $3,228 / year
Turnkey fourplex offering excellent income potential in a convenient Cornwall location. This income-generating property features four spacious units, each offering 3 bedrooms and 1 full bathroom. An ideal layout for attracting long-term tenants and maximizing rental income. Each unit provides generous living space, functional layouts, and separate kitchens, making it a highly desirable option in today's rental market. This property is perfectly suited for investors looking to expand their portfolio with a solid, high-demand asset. Situated close to amenities, schools, and transit, this centrally located fourplex offers strong rental appeal and consistent occupancy potential. Immediate possession available-start generating income right away.
- MLS number
- X13017804
- Type
- Fourplex
- Status
- Active
- Bedrooms
- 12
- Bathrooms
- 4
- Postal code
- K6H 1T4
- Photos
- 8
This property has not been relisted in the last two years, so both counts are the same. Where they differ, the second adds up earlier listings at this address that ended without a sale.
Property details
As filed by the listing brokerage. Anything the board left blank is left out rather than shown as unknown — and none of it is guaranteed accurate by PropTx, so verify what you rely on.
Property
- Type
- Fourplex
- Style
- 2-Storey
- Class
- Residential Freehold
- Fronting on
- North
- Community
- 717 - Cornwall
- Municipality
- Cornwall
- Cross street
- Belmont / Carleton
- Zoning
- RES20
Inside
- Bedrooms
- 12
- Bedrooms above grade
- 12
- Bathrooms
- 4
- Washrooms
- 4
- Kitchens
- 4
- Rooms above grade
- 24
- Basement
- Unfinished
- Size
- 2500-3000
Building
- Construction
- Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation
- Block
Parking
- Covered spaces
- 0
- Driveway spaces
- 1
- Total parking
- 1
Land
- Lot
- 30.07 × 100 feet
- Pool
- None
Heating, cooling and services
- Heating
- Baseboard
- Heat source
- Electric
- Cooling
- None
- Water
- Municipal
- Sewer
- Sewer
Features
- Interior
- None
Listing
- MLS number
- X13017804
- Status
- New
- Previous status
- Draft
- Listed on
- 2026-04-19
- Expires
- 2026-10-14
- Taxes
- $3,228 (2026)
- Board
- Cornwall and District Real Estate Board
Listing history
No previous listings found for this address.
Where this home is
Where this address sits, matched against open government data.
Matched to a published address point for this address.
Schools
The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.
Other schools nearby
By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.
| School | Level | Distance | Rating |
|---|---|---|---|
| École secondaire publique L'Héritage CÉP de l'Est de l'Ontario | Secondary | 595 m | / 10 71% met the standard · 2 of 6 measures |
| École secondaire catholique La Citadelle CSDC de l'Est ontarien | Secondary | 569 m | / 10 79% met the standard · 2 of 6 measures |
| École élémentaire publique L'Héritage CÉP de l'Est de l'Ontario | Elementary | 657 m | Not reported |
| École intermédiaire catholique La Citadelle CSDC de l'Est ontarien | Elementary | 740 m | Not reported |
| St Lawrence Intermediate School Upper Canada DSB | Elementary | 1.1 km | Not reported |
| St Lawrence Secondary School Upper Canada DSB | Secondary | 1.1 km | / 10 37% met the standard · 2 of 6 measures |
How the rating is calculated
EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.
Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.
What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.
Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.
H-Value
This neighbourhood
Statistics Canada 2021 Census, for the surrounding few blocks — about 401 people.
The neighbourhood, by the census
Statistics Canada 2021 Census for dissemination area 35010270 — the few blocks around this address, home to 401 people. It describes the area, not this property.
Percentages are of the 235 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.
Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.
Work out the numbers
Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.
If you rented it out
Monthly rent starts from a rule of thumb — two per cent of the asking price a year — because no comparable lease was found nearby. Change it to anything you like.
How this is calculated, and what it leaves out
Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.
Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.
Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.