205 FIRST Street
Cornwall, ON
- 240 sqft
- Investment
FIVEPLEX Exceptional Commercial Investment Opportunity in Cornwall! An outstanding opportunity for investors seeking income potential, flexibility, and long-term value in a strategic Cornwall location. Situated on a prime corner lot, this versatile 5-unit property offers a compelling opportunity for income generation, portfolio expansion, or future value-add investment, with the potential to accommodate a 6th unit. Site plan drawings are available to support further exploration of the property's development potential.Offered with no tenants to inherit, investors have the flexibility to establish their own tenancy strategy, optimize the property's use, and maximize its income potential. The property features 7 parking spaces, including 5 outdoor and 2 indoor spaces, along with two large driveways for added convenience. Key bylaw, fire, and electrical requirements have been addressed, providing a foundation for the next owner to pursue their investment objectives.Strategically located near Cornwall Square, a major local shopping destination, with convenient access to the U.S. border, the property benefits from proximity to established amenities and regional transportation routes. Directly across from a Chartwell retirement residence, the location offers additional context for investors evaluating the surrounding neighbourhood and its potential demand. Whether you are expanding your investment portfolio, exploring additional rental income opportunities, or evaluating future redevelopment potential, this property presents a versatile opportunity to acquire a multi-unit asset with room to execute your vision in Cornwall.
Listing Details
- Taxes (2025)
- $5,769
- Listed
- October 8, 2026
Price History
Property
- Lot Size
- 105.7 x 83 Feet
Parking
- Garage
- Single Detached
Location & Legal
- Cross Street
- Trans-Canada Hwy/ON-417 E to ON-138 S in North Stormont. Take exit 58 from Trans-Canada Hwy/ON-417 E. Continue on ON-138 S. Drive to First St E in Cornwall
- Zoning
- RES30
- Parcel Number
- 601660053
- Possession
- Flexible
- Occupancy
- Vacant
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
- $409,300
- Homes sold
- 668
- Median days on market
- 31
- Sale-to-list price
- 97.3%
Based on 668 recorded sales of commercial properties in Cornwall over the last 12 months.
Listed by
REMAX BOARDWALK REALTY
Walk Score
Walk
Bike
Scores by Walk Score®
Location
Street View
Commercial figures
- Building area
- 240 sq ft
- Price per sq ft
- $3,329.17
- Annual property tax
- $5,769
- Tax per sq ft
- $24.04
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
Reita | Assistant
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Reita is an automated assistant, not a licensed real estate agent. This listing mentions Site plan drawings are available to support further exploration of the property's development potential.Offered with no tenants to inherit, investors have the flexibility to establish their own tenancy strategy, optimize the property's use, and maximize its income potential.. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?