303 Guy Street, Cornwall, ON K6H 4V3
- Property tax
- $2,139 / year
Cash-flowing investment opportunity! Fully occupied and generating $50,148 in annual gross rental income, this turnkey investment property delivers immediate cash flow from closing. With six furnished rental rooms currently producing $4,179 per month, approximately $16,311 in annual operating expenses, and an estimated Net Operating Income of $33,837 per year (before owner-specific expenses), this is an outstanding opportunity for investors seeking reliable, proven returns. Designed for consistent rental demand, the property features six furnished bedrooms, two full bathrooms, spacious shared living areas, and a beautifully renovated kitchen completed in 2024. Recent improvements include a new front door and frame (2026), newer refrigerators, updated appliances, and numerous mechanical upgrades completed over recent years, making this a true turnkey investment. All six furnished rooms are currently rented, with monthly rents ranging from $665 to $717. The seller advises there has been only one month of vacancy since April 2024, demonstrating strong occupancy and consistent rental performance. Whether you're expanding your investment portfolio or purchasing your first income property, this is a rare opportunity to acquire a well-maintained, income-producing asset with immediate cash flow.
- MLS number
- X13042138
- Type
- Detached
- Status
- Active
- Bedrooms
- 6
- Bathrooms
- 2
- Postal code
- K6H 4V3
- Photos
- 22
This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.
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
- Detached
- Style
- 2-Storey
- Class
- Residential Freehold
- Fronting on
- East
- Community
- 717 - Cornwall
- Municipality
- Cornwall
- Cross street
- Walton and Guy Street
Inside
- Bedrooms
- 6
- Bedrooms above grade
- 6
- Bathrooms
- 2
- Washrooms
- 1 on the main floor · 1 on the second floor
- Kitchens
- 1
- Rooms above grade
- 10
- Basement
- Unfinished
- Size
- 1500-2000
Building
- Construction
- Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation
- Concrete
Parking
- Covered spaces
- 0
- Driveway spaces
- 1
- Total parking
- 2
Land
- Lot
- 29.5 × 55 feet
- Pool
- None
Heating, cooling and services
- Heating
- Forced Air
- Heat source
- Gas
- Cooling
- Central Air
- Water
- Municipal
- Sewer
- Sewer
Features
- Interior
- Carpet Free
Listing
- MLS number
- X13042138
- Status
- New
- Previous status
- Draft
- Listed on
- 2026-04-24
- Expires
- 2026-10-24
- Taxes
- $2,139 (2025)
- Board
- Cornwall and District Real Estate Board
Listing history
This address has been listed 2 times.
Where this property 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 catholique La Citadelle CSDC de l'Est ontarien | Secondary | 501 m | / 10 79% met the standard · 2 of 6 measures |
| École secondaire publique L'Héritage CÉP de l'Est de l'Ontario | Secondary | 650 m | / 10 71% met the standard · 2 of 6 measures |
| École intermédiaire catholique La Citadelle CSDC de l'Est ontarien | Elementary | 688 m | Not reported |
| École élémentaire publique L'Héritage CÉP de l'Est de l'Ontario | Elementary | 711 m | Not reported |
| St Lawrence Intermediate School Upper Canada DSB | Elementary | 1.2 km | Not reported |
| St Lawrence Secondary School Upper Canada DSB | Secondary | 1.2 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
The market around this home
Detached houses in 717 - Cornwall — 788 sales over the last five years.
How these are built, and what they cannot tell you
Each point is the median of the sales that closed in that quarter among detached houses in 717 - cornwall. A quarter with fewer than eight is left out rather than drawn, and the line breaks where that happens — a median over three sales is really one home’s price, and joining across a gap would draw a number nobody measured.
This is not an estimate of what this home is worth. The segment is a property type in an area; it takes no account of this home’s size, condition, renovations, lot, exposure or how it compares to its neighbours, and half the homes in any quarter sold for more than the median and half for less. It is context for a conversation with an agent, not a valuation.
Toronto Regional Real Estate Board closed transactions. Deemed reliable but not guaranteed accurate by PropTx.
This neighbourhood
Statistics Canada 2021 Census, for the surrounding few blocks — about 395 people.
The neighbourhood, by the census
Statistics Canada 2021 Census for dissemination area 35010194 — the few blocks around this address, home to 395 people. It describes the area, not this property.
Percentages are of the 195 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
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.