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205 First St E, Cornwall, ON

Name: 205 First St E, For Sale in Cornwall - Zoocasa
Brand: REMAX BOARDWALK REALTY
SKU: X13879088
Price: 799000 CAD

House

For Sale

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007

MLS® X13879088

Overview

Key Facts

Type Multi Family

Levels Residential Income

Size 240 sqft

Garage

Taxes $5,769

Days Active 12

Lot Size

Approx. Age

Avg. Price Per Sqft $3,329

MLS® Number X13879088

Property Address: 205 First St E, Cornwall, ON, K6H1K9

Average square foot calculated using Size range provided by listing agent.

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:58753)Show Description

MLS® NumberX13879088

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age

Basement

Driveway

Garage Spaces

HeatRadiator, Hot Water

A/CNone

Extras

Map

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