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205 First Street ECornwall, ON K6H 1K9

Stormont, Dundas And Glengarry

$799,000List price
240Sq Ft
1Garage

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 Information

Property type
Commercial Sale
Building area
240 Sq Ft
Lot dimensions
105.7x83.0
Garage spaces
1
Parking spaces
7
MLS® Listing#
X13879088

Property Features

Appliances
Electric Water Heater
Cooling
None
Parking
Detached

Financial Details

Annual taxes
$5,769Tax year 2025
Parcel number
601660053

Directions

Trans-Canada Hwy/ON-417 E to ON-138 S in North Stormont. Take exit 58 from Trans-Canada Hwy/ON-417 E. Continue on ON-138 S. Drive to First St E in Cornwall

Listing Courtesy: RE/MAX AFFILIATES REALTY LTD. - 6138370000

Information located on this site is from sources believed to be reliable but should not be relied upon without verification. The Ottawa Real Estate Board assumes no responsibility for its accuracy. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.F119

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