205 First Street E,Cornwall, ON K6H1K9
Cornwall, ON K6H1K9
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. (id:13843)
Details
| MLS # | X13879088 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 12 |
| Listing Provided By | REMAX BOARDWALK REALTY | Akram Syed |
Features
| SQ Feet | 240 |
|---|---|
| Zoning | RES30 |
Interior
| Cooling | None |
|---|---|
| Heating | Radiator, Hot Water |
| Fireplace Yes / No | No |
Parking
| Parking Total | 7 |
|---|
Utilities
| Water Source | Municipal water |
|---|
Taxes
| Tax Annual Amount | 5768.73 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Cornwall |
| Postal Code | K6H1K9 |
| Listing VS Median (in K6H1K9) | |
Price: $799,000 low | high Med: $799,000 sqft: 240 low | high Med: 240 $ / sqft: $3,329 low | high Med: $3,329 On site: 12 low | high Med: 12 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Cornwall |
| Postal Code | K6H1K9 |
| Listing VS Median (in K6H1K9) | |
Price: $799,000 low | high Med: $799,000 sqft: 240 low | high Med: 240 $ / sqft: $3,329 low | high Med: $3,329 On site: 12 low | high Med: 12 | |