For Sale: 205 First Street E, Cornwall, ON - REW
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$799,000
0 bd • ba • 240 sf • Multifamily
205 First Street E
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$799,000
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205 First Street ECornwall, ON, K6H 1K9

  • 0 Bed
  • Bath
  • 240 Sqft
  • Multifamily

About this home

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. (id:63626)
Listed by: Akram Syed, Salesperson, REMAX BOARDWALK REALTY

Home facts and features

Price details
List Price
$799,000
Get Pre-Approved
Gross Taxes for 2026
$5,769
Home facts
Bedrooms
0
Full Bathrooms
Parking Spaces
7
Property Type
Multifamily
Lot Size
105 ft x 83 ft (8773 ft²)
Depth
83 feet
Frontage
105.8 feet
Heating Type
Radiator, Hot Water
Agent details
Primary Agent
Akram Syed
Primary Broker
REMAX BOARDWALK REALTY
Listing details
Days on REW
1 Day
MLS® Number
X13879088
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board
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Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

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The displayed rates are provided as guidance only, are not guaranteed, or are to be considered an approval of credit. Approval will be based solely on your personal situation. You are encouraged to speak with a Mortgage Professional for the most accurate information and to determine your eligibility.

Property Insights

Central Public School
  • Public
  • JK - 6
Cornwall Collegiate
  • Public
  • 7 - 12
St Columban's Catholic Elementary School
  • Catholic
  • JK - 8
Citadelle School
  • Catholic
  • 7 - 12
Immaculate Conception School
  • Catholic
  • JK - 6
St. Matthew School
  • Catholic
  • 9 - 12
ÉEP L'Héritage
  • Public
  • 7 - 8
Bridgewood Public School
  • Public
  • JK - 6
St Lawrence School
  • Public
  • 7 - 12
Sacred Heart School
  • Catholic
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
Akram Syed
Phone:
(613) 276-0398
Office:
613-837-0000
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