1335 RENEAL STREET
Cornwall, Ontario
MLS® X13438442
$2,000,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13438442
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 34Listing description
Rare redevelopment opportunity in the heart of Cornwall. This former school sits on approximately 1. 72 acres and offers nearly 20,000 sq.
ft. of existing building area with RES-30 medium-to-high density residential zoning already in place. Previously approved for a 17-unit residential conversion, the property presents an exceptional opportunity for investors, developers, and builders seeking to capitalize on the growing demand for housing.
Potential permitted uses may include apartments, triplexes, fourplexes, row housing, retirement living, rooming accommodations, and other residential development opportunities, subject to municipal approvals. The site benefits from municipal water and sewer services, natural gas, hydro, ample parking, and a clean environmental record. The substantial existing structure offers significant adaptive reuse potential, while the excess land may provide opportunities for future expansion or additional development, subject to approvals.
Opportunities of this scale, with existing zoning, infrastructure, and a proven development concept already established, are becoming increasingly difficult to find. Buyers are encouraged to conduct their own due diligence with the City of Cornwall regarding future development plans and permitted uses.
Property summary
- MLS® number
- X13438442
- Property type
- Multi-family
- Building type
- Multi-Family
- Square footage
- 2 sq ft
- Land size
- 1.72 acres
- Annual property taxes
- $18,655.00
- Days on market
- 83 days
Features & details
- Heating
- Hot water radiator heat, Natural gas, Radiator, Hot Water
- Cooling
- None
- Lot features
- Irregular lot size
What would this home cost you?
Based on the $2,000,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RE/MAX AFFILIATES MARQUIS LTD., CORNWALL.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.