272 Pitt Street
Cornwall, ON
- 2,874 sqft
- Investment
- 53 days on market
Buy a paycheck, not a project. Welcome to 272 Pitt Street, a fully renovated mixed-usecornerstone asset offering exceptional cash flow with a proven Net Operating Income (NOI) of$104,040 and an impressive 7.7% cap rate. For investors seeking strong, stable returns, this property offers the potential to generate significant annual income from day one.This turnkey investment features six income-producing units comprised of four residential apartments and two established commercial units, providing a diversified and resilient revenue stream. More than $450,000 in capital improvements have been invested, leaving virtually no deferred maintenance for the next owner.Extensive upgrades include new electrical panels with separate metering, all-new PEX plumbing, brand-new hot water tanks, and a 100% electric heating system, eliminating landlord gas expenses. Every residential unit has been tastefully modernized with luxury vinyl plank flooring, LED lighting, contemporary kitchens with quartz countertops and stainless steel appliances, and beautifully renovated bathrooms.Whether you're looking to strengthen your portfolio or secure a high-performing asset with immediate income potential, 272 Pitt Street delivers the kind of predictable cash flow investors rarely find in today's market. Vendor Take-Back (VTB) financing may be available to qualified purchasers, subject to terms and negotiations. Complete financial statements are available upon request.
Listing Details
- Taxes (2025)
- $10,901
- Listed
- July 21, 2026
Price History
Listing history
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Property
- Lot Size
- 26.21 x 177.03 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- Pitt & 3rd Street
- Zoning
- CBD
- Parcel Number
- 601670102
- Possession
- Flexible
- Occupancy
- Tenant
Commercial
- Business Type
- Apts - 6 To 12 Units
Included
- Inclusions
- 4 fridges and stoves, 2 washer and dryers
- Exclusions
- 1 fridge in the 3 bedroom unit and all tenant belongings
- Rental Items
- n/a
Community
Postal area K6J
- Population
- 17,827
- Private dwellings
- 8,263
- Median age
- 46.8
- Average household size
- 2.2
- Median household income
- $60,400
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
- $405,500
- Homes sold
- 684
- Median days on market
- 31
- Sale-to-list price
- 97.4%
Based on 684 recorded sales of commercial properties in Cornwall over the last 12 months.
Listed by
Valery Real Estate Inc.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 2,874 sq ft
- Price per sq ft
- $469.73
- Annual property tax
- $10,901
- Tax per sq ft
- $3.79
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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