Salehian.com 647-325-5000

205 FIRST Street E

717 - Cornwall, Cornwall, K6H 1K9

$799,000

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Listed 11 days ago · MLS® X13879088

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.

Details

Type
Investment
Lot
105.7 × 83 ft
Garage
Single Detached
Property tax
$5,769 (2025)
Neighbourhood
717 - Cornwall
Municipality
Cornwall

Heating, cooling and services

Heating
Electric Hot Water
Utilities
Available

Building and exterior

Building area
240 Square Feet

More

Possession
TBD
Cross street
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

History of this address

2 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Somewhat walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: no grocery stores, 10 cafés and restaurants, 8 parks, 4 pharmacies. Nearest park: Horovitz Park (150 m).

Schools nearby

Elementary

  • Central Public School
    EQAO: Gr 6 reading 66%, math 17%    5 min walk
  • Bishop MacDonnell Catholic School Catholic
    EQAO: Gr 6 reading 64%, math 19%    7 min walk
  • Bridgewood Public School
    EQAO: Gr 6 reading 58%, math 25%    2.4 km

Secondary

  • Cornwall Collegiate and Vocational School
    EQAO: Gr 9 math 19%, literacy test 72%    10 min walk
  • St. Matthew Catholic Secondary School Catholic11 min walk
  • École secondaire catholique La Citadelle French
    EQAO: Gr 9 math 66%, literacy test 92%    16 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area K6H

Owners / renters
55% / 45%
Median household income
$61,200
Average age
45
Children under 15
16%
Homes
51% detached, 6% high-rise
Commute by transit
3%
Population
30,440

Languages spoken most at home besides English: Urdu 1.3%, Punjabi (Panjabi) 0.4%, Tamil 0.3%, Arabic 0.3%.

Safety

Crime Severity Index for Cornwall police: 97 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by REMAX BOARDWALK REALTY.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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