440 Water Street

Cornwall, ON

30,000 sqft • Store W Apt/Office • 167 days on market

$1,200,000

This expansive 0.7-acre property offers exceptional versatility, featuring a large commercial building with multiple income-generating opportunities. The upper level includes two residential units with a combined footprint of just under 3,300 sq. ft., providing spacious living or rental options. The main level hosts a sizeable bar/commercial area that offers endless potential for redevelopment or a wide range of business uses. The building is equipped with SPU zoning and includes four gas meters and four hydro meters, supporting multiple tenants or mixed-use operations. The lower level adds even more flexibility, offering both a residential unit and additional commercial space totaling approximately 3,000 sq. ft. Outside, the property features a substantial fenced lot with secure barbed-wire perimeter and convenient rear access to John Street. This portion of the land is zoned to accommodate a seven-story apartment building, presenting a significant development opportunity. Overall, this property is ideal for investors, developers, or business owners seeking a high-potential mixed-use site with ample space and future growth possibilities. Roof 2025 ($63,000 membrane). All info must be verified by any and all interested parties. Property Being Sold As-Is Where-Is.

Listing Details

Taxes (2025): $10,134
Listed: March 13, 2026

Price History

Listing history

Property

Lot Size: 40.54 x 117.35 Feet

Location & Legal

Cross Street: At the intersection of Water Street E and Marlborough Street
Zoning: Res 40/SPU 1
Possession: Flexible

Commercial

Occupancy: Owner+Tenant
Office / Apartment Area: 6333 Sq Ft

Included

Inclusions: Shed Out Back with same siding as building. Appliances
Exclusions: Other exterior structures, all tenant belongings, all storage in the basement

Community

Postal area K6H

Population: 30,440
Private dwellings: 14,112
Median age: 46
Average household size: 2.2
Median household income: $61,200

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Commercial in Cornwall · last 12 months

Median sold price: $405,000
Homes sold: 680
Median days on market: 31
Sale-to-list price: 97.4%

Based on 680 recorded sales of commercial properties in Cornwall over the last 12 months.

Listed by

EXP REALTY

Location

Commercial figures

Building area: 30,000 sq ft
Price per sq ft: $40.00
Annual property tax: $10,134
Tax per sq ft: $0.34

Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.

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