401-403 Water Street
Cornwall, ON
- 5 bed
- 5 bath
- approx. 3500-5000 sqft
- Multiplex
- 7 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. This property is also listed under commercial MLS#: X13765952
Listing Details
- Taxes (2025)
- $5,262
- Listed
- September 11, 2026
Price History
Listing history
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Property
- Style
- Other
- Construction
- Brick
- Roof
- Shingles
- Foundation
- Concrete
- Interior
- Other
- Lot Size
- 44.72 x 60 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 4
Utilities
- Sewer
- Sewer
- Heat Source
- Electric
Location & Legal
- Cross Street
- Gloucester
- Zoning
- RES30
- Parcel Number
- 601650048
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- nil
- Exclusions
- all tenants belongings
- Rental Items
- nil
Schools
Elementary
- Central Public School0.6 km
Public · Upper Canada DSB · 575 students
Grade 3 reading: 44% met the provincial standard · Grade 6 math: 17% met the provincial standard
- Bishop Macdonell Separate School0.6 km
Catholic · CDSB of Eastern Ontario · 385 students
Grade 3 reading: 47% met the provincial standard · Grade 6 math: 19% met the provincial standard
- École intermédiaire catholique La Citadelle0.9 km
French Catholic · CSDC de l'Est ontarien · 195 students
Secondary
- École secondaire catholique La Citadelle0.7 km
French Catholic · CSDC de l'Est ontarien · 465 students
Grade 10 literacy: 92% met the provincial standard
- Cornwall Collegiate and Vocational School0.9 km
Public · Upper Canada DSB · 575 students
Grade 10 literacy: 72% met the provincial standard
- École secondaire publique L'Héritage1.4 km
French public · CÉP de l'Est de l'Ontario · 195 students
Grade 10 literacy: 95% 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
- 681
- Median days on market
- 31
- Sale-to-list price
- 97.4%
Based on 681 recorded sales of residential freehold properties in Cornwall over the last 12 months.
Listed by
ROYAL LEPAGE PERFORMANCE REALTY
Walk Score
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Scores by Walk Score®
Location
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Mortgage Calculator
$106,000
Estimated Monthly Payment
$2,604
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: $2,604/mo (20% down, 5.5%)
Taxes: $439/mo · Insurance: $133/mo
Estimates only. Consult a financial advisor.
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