122 New Street
Cornwall, ON
- 6 bed
- 2 bath
- approx. 1500-2000 sqft
- Duplex
- 87 days on market
Welcome to 122-124 New Street! This two storey duplex features two spacious 3-bedroom units, with the desirable main-floor unit currently vacant and ready for occupancy. Conveniently located close to parks, schools, shopping, amenities, and public transit, this property offers an excellent opportunity for both investors and owner-occupants.Enjoy a large backyard and double-wide driveway, providing ample outdoor space and parking. For buyers looking to offset living expenses, the vacant main-floor unit offers the perfect opportunity to move in while generating rental income from the second unit. For investors, this allows you to find your ideal tenant at market value. With the main-floor unit vacant, the property generates an annual income of approximately $8,508. Estimated annual operating expenses are as follows:Insurance: $1,509. Water/Sewer: $1,769Property Taxes: $1,556. Recent updates include: Shingles replaced approximately 3 years ago, both furnaces installed approximately 2014, Owned hot water tanks installed approximately 2019 and 2021 and upgraded insulation. A minimum of 24 hours' notice is required for all showings. As per form 244, 24 hour irrevocable on all offers.
Listing Details
- Taxes (2025)
- $1,556
- Originally Listed
- $399,900
- Listed
- June 22, 2026
Price History
Property
- Style
- 2-Storey
- Construction
- Aluminum Siding
- Roof
- Asphalt Shingle
- Foundation
- Poured Concrete
- Interior
- Water Heater Owned
- Lot Size
- 60 x 140 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 6
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- New Street and Gage Ave
- Parcel Number
- 601930359
- Possession
- Immediate
- Occupancy
- Tenant
Schools
Elementary
- Sacred Heart School0.5 km
Catholic · CDSB of Eastern Ontario · 450 students
Grade 3 reading: 53% met the provincial standard · Grade 6 math: 8% met the provincial standard
- St. Joseph Intermediate Catholic School0.9 km
Catholic · CDSB of Eastern Ontario · 275 students
- École élémentaire catholique Notre-Dame1 km
French Catholic · CSDC de l'Est ontarien · 305 students
Grade 3 reading: 70% met the provincial standard · Grade 6 math: 70% met the provincial standard
Secondary
- St Joseph's Secondary School0.8 km
Catholic · CDSB of Eastern Ontario · 745 students
Grade 10 literacy: 83% met the provincial standard
- St Matthew Catholic Secondary School1.7 km
Catholic · CDSB of Eastern Ontario · 140 students
Grade 10 literacy: 18% met the provincial standard
- Cornwall Collegiate and Vocational School2.2 km
Public · Upper Canada DSB · 575 students
Grade 10 literacy: 72% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
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
Residential Freehold in Cornwall · last 12 months
- Median sold price
- $405,000
- Homes sold
- 679
- Median days on market
- 31
- Sale-to-list price
- 97.4%
Based on 679 recorded sales of residential freehold properties in Cornwall over the last 12 months.
Listed by
RE/MAX AFFILIATES MARQUIS LTD.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$75,000
Estimated Monthly Payment
$1,842
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $1,842/mo (20% down, 5.5%)
Taxes: $130/mo · Insurance: $94/mo
Estimates only. Consult a financial advisor.
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