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Renanza Realty
For sale

205 FIRST STREET E

Cornwall, Ontario

MLS® X13879088

$799,000

Status
Active
Property type
Multi-family
MLS® number
X13879088
Bedrooms
—
Bathrooms
—
Year built
—

Listing description

FIVEPLEX Exceptional Commercial Investment Opportunity in Cornwall! An outstanding opportunity for investors seeking income potential, flexibility, and long-term value in a strategic Cornwall location. Situated on a prime corner lot, this versatile 5-unit property offers a compelling opportunity for income generation, portfolio expansion, or future value-add investment, with the potential to accommodate a 6th unit.

Site plan drawings are available to support further exploration of the property's development potential. Offered with no tenants to inherit, investors have the flexibility to establish their own tenancy strategy, optimize the property's use, and maximize its income potential. The property features 7 parking spaces, including 5 outdoor and 2 indoor spaces, along with two large driveways for added convenience.

Key bylaw, fire, and electrical requirements have been addressed, providing a foundation for the next owner to pursue their investment objectives. Strategically located near Cornwall Square, a major local shopping destination, with convenient access to the U. S.

border, the property benefits from proximity to established amenities and regional transportation routes. Directly across from a Chartwell retirement residence, the location offers additional context for investors evaluating the surrounding neighbourhood and its potential demand. Whether you are expanding your investment portfolio, exploring additional rental income opportunities, or evaluating future redevelopment potential, this property presents a versatile opportunity to acquire a multi-unit asset with room to execute your vision in Cornwall.

Property summary

MLS® number
X13879088
Property type
Multi-family
Building type
Multi-Family
Size
240 sq ft
Land size
105.7 x 83 FT
Annual property taxes
$5,768.73
Parking
7 spaces
Days on market
1 day

Features & details

Heating
Radiator, Hot Water
Cooling
None

What would this home cost you?

Based on the $799,000 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$3,718 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of REMAX BOARDWALK REALTY, OTTAWA.

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.