117 First Street
Cornwall, ON
- 7 bed
- 4 bath
- approx. 3500-5000 sqft
- Fourplex
EXCEPTIONAL INVESTMENT OPPORTUNITY - POTENTIAL FOURPLEX CONVERSION IN DOWNTOWN CORNWALL! Discover the outstanding investment potential of this beautifully renovated, character-filled property located at 117 First Street East, in the heart of downtown Cornwall. Featuring approximately 3,860 sq. ft. of above-grade space across three levels, this versatile building offers an excellent opportunity for investors seeking to establish a four-unit multifamily residential income property. Previously configured into four separate units, the building features multiple kitchens, bathrooms, spacious living areas, and flexible floor plans, offering significant potential for conversion into four self-contained residential apartments. The property's Central Business District (CBD) zoning permits a wide range of residential and commercial uses, including quadruplex dwellings and apartment buildings, subject to applicable municipal requirements and approvals. Situated on a generous approximately 55 ft. 150 ft. lot with ample on-site parking, the property combines a timeless stone façade with attractive interior renovations and a highly desirable downtown location. Conveniently located near shopping, restaurants, schools, professional services, public transit, and Cornwall's scenic waterfront. Whether you are an experienced investor looking to expand your rental portfolio or a buyer seeking a value-add redevelopment opportunity, this property offers exceptional flexibility and long-term income potential. A rare opportunity to transform a distinctive downtown property into a multifamily residential investment!
Listing Details
- Taxes (2025)
- $17,591
- Listed
- October 22, 2026
Price History
Listing history
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Property
- Style
- 3-Storey
- Construction
- Brick
- Roof
- Asphalt Shingle, Flat
- Foundation
- Concrete
- Interior
- In-Law Capability, Primary Bedroom - Main Floor, Wheelchair Access
- Lot Size
- 55.18 x 149.67 Feet
Parking
- Garage
- Other
- Covered Spaces
- 0
- Total Parking
- 10
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- From Sydney St., turn East onto First St. E. Property is on the North side of the street
- Zoning
- Commercial Business District
- Parcel Number
- 601660013
- Possession
- Immediate
- Occupancy
- Vacant
Schools
Elementary
- Central Public School0.2 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 School0.5 km
Catholic · CDSB of Eastern Ontario · 385 students
Grade 3 reading: 47% met the provincial standard · Grade 6 math: 19% met the provincial standard
- Cornwall Intermediate School0.6 km
Public · Upper Canada DSB · 165 students
Secondary
- Cornwall Collegiate and Vocational School0.6 km
Public · Upper Canada DSB · 575 students
Grade 10 literacy: 72% met the provincial standard
- École secondaire catholique La Citadelle1.1 km
French Catholic · CSDC de l'Est ontarien · 465 students
Grade 10 literacy: 92% met the provincial standard
- St Matthew Catholic Secondary School1.5 km
Catholic · CDSB of Eastern Ontario · 140 students
Grade 10 literacy: 18% 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
- $408,050
- Homes sold
- 670
- Median days on market
- 31
- Sale-to-list price
- 97.3%
Based on 670 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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Location
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Mortgage Calculator
$159,900
Estimated Monthly Payment
$3,928
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: $3,928/mo (20% down, 5.5%)
Taxes: $1,466/mo · Insurance: $200/mo
Estimates only. Consult a financial advisor.
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