401-403 Water Street
Cornwall, ON
- 4,195 sqft
- Investment
- 6 days on market
Are you looking for a wonderful property for your investment portfolio? Look no further. This 5-plex is centrally located near the St. Lawrence and all its amenities, including the mall, bus routes, and local shops. While originally built in 1986, the property has been well-maintained with a brick exterior makeover, new roof shingles in 2020, and new sidewalks on the corner and west side. The building features two larger units on the ground floor with spacious living rooms and kitchens, plus three units on the upper level, one of which has been recently renovated. Each unit has a separate hydro meter. New tenants can be signed as rent + hydro (one upper unit is already paying their own hydro). Hot water is provided by a cost-saving, gas, on-demand system. Each unit includes its own laundry hookups, with the exception of one upper unit. There 4 parking spots at the back of the building. Schedule your showing to check out this cared-for 5 plex. "Other" expense is natural Gas $785.64/year for on demand HW. 48 hour notice required for showings.
Listing Details
- Taxes (2025)
- $5,262
- Listed
- September 10, 2026
Price History
Listing history
Sign in to view
Property
- Lot Size
- 44.72 x 60 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- Gloucester
- Zoning
- RES30
- Parcel Number
- 601650048
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- nil
- Exclusions
- all tenants belongings
- Rental Items
- nil
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
- $406,000
- Homes sold
- 683
- Median days on market
- 31
- Sale-to-list price
- 97.4%
Based on 683 recorded sales of commercial properties in Cornwall over the last 12 months.
Listed by
ROYAL LEPAGE PERFORMANCE REALTY
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 4,195 sq ft
- Price per sq ft
- $126.34
- Annual property tax
- $5,262
- Tax per sq ft
- $1.25
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. This listing mentions New tenants can be signed as rent + hydro (one upper unit is already paying their own hydro).. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?