$1,499,000

Investment For Sale In Downtown, Cornwall, Ontario

$1,499,000

Property Information:

5-BAY HEATED SHOP AND RESIDENTIAL 5-PLEX! This 5 unit apartment building conversion was completed in 2024. There are 4 one bedroom units and 1 two bedroom unit. Each unit is bright and modern with high ceilings and loft-like appeal. Each unit has in-suite laundry hookups, Quartz counters and is individually metered. Because apartments are "newly created," rent control does not apply. Increase your rents without governance year-over-year if desired. Situated a stones-show from Downtown Pitt St. boutiques, fine dining, the mall and riverfront Park. Huge land parcel is 88x264, includes a massive band-new steel 5-bay garage/shop with in-floor heating. Utilize shop for your "specific purpose," or lease to tenants. CBD zoning allows for many uses. Each bay is very deep allowing for vehicle parking, storage lockers, e-bike storage etc. Opportunity to create more income parking. Lot is newly fenced & paved. Both buildings are steel clad with metal roofs. This is a turn-key property, no headaches and expense of renovation. 24hr irrevocable. Call today (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Other
  • Exterior Finish: Steel
  • Heating Type: Baseboard heaters
  • Heating Fuel: Electric
  • Appliances:

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 6
  • Bathrooms: 5
  • Irregular: Yes
  • Lot Size: 88 x 264 Acre
  • Zoning: CBD
  • Sewer: Sanitary sewer
  • Parking Type: Detached garage, Garage
  • No. of Parking Spaces: 12

Courtesy of: RE/MAX AFFILIATES MARQUIS LTD.

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.