205 First Street E, Cornwall
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. (id:1945)
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Property details for 205 First Street E, Cornwall
- Type
- Multi-family
- Living Area
- 240 square feet
- Lot Size
- 105.7 x 83 FT
- Heating
- Radiator, Hot Water
- Cooling
- None
- Annual Taxes
- $5,769
Nearby Listings Stat
Estimated price and comparable properties near 205 First Street E
Active Listings
190
Min Price
$49,000
Max Price
$5,400,000
Avg Price
$519,706
Days on Market
64
days
Sold Listings
53
Min Sold Price
$179,000
Max Sold Price
$6,200,000
Avg Sold Price
$645,021
Days until Sold
68
days
Neighbourhood Census Data
Cornwall, Ontario
Population
507
Median Age
47.4
Median Income
$21,483
Dwelling Value
$103,278
Housing Tenure
Owners 41%
Renters 62%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 1.9
Pop. Density: 5,620.8/km²
Avg Shelter Cost: $764/mo
Owners with Mortgage: 53.3%
Owners Spending 30%+: 0%
Tenants Spending 30%+: 52.2%
English only: 67.3%
English and French: 32.7%
Median Household Income: $32,000
Median Employment Income: $20,672
Price History
Listed
October 9, 2026
by REMAX BOARDWALK REALTY
Current Price
$799,000
Type
Multi-family
For Sale
