Cornwall, ON · · MLS® X13769134Updated
$499,900Est. $2,456/mo mortgage
1316 Cumberland St is a 6-bedroom, 4-bathroom fourplex in Cornwall, listed for $499,900. It has 1500-2000 sq ft of living space.
Coldwell Banker Summit Realty, BrokerageZara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
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.
6 bedrooms, 4 bathrooms, about 1,500 sq ft, works out to roughly $333 per square foot. Chat with Zara if you'd like a deeper read on whether this fourplex fits your budget and timing.
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Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
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Zara’s estimate
Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works
Closed sales on the TRREB MLS®.
Full Cornwall market reportSold prices are shown free to signed-in members, as board rules require.
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424 Guy Street
8 bd · 4 ba · Multiplex
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424 Guy Street
8 bd · 4 ba · Multiplex
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662-664 St Felix Street
5 bd · 4 ba · Multiplex
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3004 Pitt Street
8 bd · 4 ba · Multiplex
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322 Cumberland Street
7 bd · 4 ba · Multiplex
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4-8-10-15 Lennox Lane
9 bd · 4 ba · Multiplex
6 nearby sales vs. this home
Closed sales from MLS®, compared with this home's asking price.
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| Home | Sold price | $ / sqft | % of asking | Sold |
|---|---|---|---|---|
This home1316 Cumberland Street 6 bd · 4 ba · 1,500 sqft | $499,900asking | $333 | — | — |
| 424 Guy Street 8 bd · 4 ba · 3,500 sqft | ||||
| 424 Guy Street 8 bd · 4 ba · 3,500 sqft | ||||
| 662-664 St Felix Street 5 bd · 4 ba · 2,000 sqft | ||||
| 3004 Pitt Street 8 bd · 4 ba · 2,000 sqft | ||||
| 322 Cumberland Street 7 bd · 4 ba · 2,500 sqft | ||||
| 4-8-10-15 Lennox Lane 9 bd · 4 ba · 2,500 sqft |
8 bd · 4 ba · 3,500 sqft
8 bd · 4 ba · 3,500 sqft
5 bd · 4 ba · 2,000 sqft
8 bd · 4 ba · 2,000 sqft
7 bd · 4 ba · 2,500 sqft
9 bd · 4 ba · 2,500 sqft
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
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20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Listing brokerage: RE/MAX AFFILIATES MARQUIS LTD., BrokerageMLS® X13769134 · Listing data last updated
Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Other 6–7 bed homes for sale in Cornwall around $500K.
Homes for sale in Cornwall
Every active Cornwall MLS® listing, updated all day.
Curated MLS® searches this property belongs to — same city, same shape of home.
Based on 266 sales from Aug 9 – Nov 7, 2026 (188 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
1316 Cumberland St is listed at $499,900 (MLS® X13769134). Summitly updates the price as soon as the MLS® record changes.
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Cornwall. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
No — 1316 Cumberland St is still listed at its original asking price of $499,900.
1316 Cumberland St has 6 bedrooms and 4 bathrooms, with about 1,500–2,000 square feet of living space. It is a fourplex in Cornwall.
About $2,456 a month — principal and interest on $499,900 with 20% down ($99,980), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
Its asking price of $499,900 is about 20% above the median sold price in Cornwall over the last 90 days, $416,500, across 266 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Summitly has no earlier MLS® sale or lease of 1316 Cumberland St on record from the last two years. Older records aren't shown under TRREB rules.
1316 Cumberland St is in Cornwall, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
58 days — 1316 Cumberland St was listed on September 10, 2026.
About $250 to $333 per square foot: the asking price of $499,900 over the 1,500–2,000 sq ft the listing gives as its size range.
Yes — the listing gives 4 parking spaces.
The listing describes the basement as: Unfinished.
