117 First Street E, Cornwall, ON K6H 1K8
717 - Cornwall, Cornwall · Near From Sydney St., turn East onto First St. E. Property is on the North side of the street · View map
About this home
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!
The home
- Type
- Fourplex
- Style
- 3-Storey
- Square footage
- 3500-5000 sq ft
- Bedrooms
- 7
- Bathrooms
- 4
- Kitchens
- 2
- Rooms
- 16
- Basement
- Full
- Lot size
- 55.2 x 149.7 ft
- Faces
- North
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Driveway spaces
- 10
- Total parking
- 10
Taxes & other
- Property taxes
- $17,591/yr
- Tax year
- 2025
- Occupancy
- Vacant
- Possession
- Immediate
- Cross street
- From Sydney St., turn East onto First St. E. Property is on the North side of the street
- Neighbourhood
- 717 - Cornwall
More
- Price per sq ft
- ~$188 (at 4,250 sq ft)
- MLS® number
- X14106156
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The home and its surroundings
- In-Law Capability
- Primary Bedroom - Main Floor
- Wheelchair Access
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
117 First Street, Cornwall, ON K6H 1K8
717 - Cornwall, Cornwall · Near From Sydney St., turn East onto First St. E. Property is on the North side of the street
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Listing history for 117 First Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 117 First Street E
Answers come straight from this home’s MLS® listing.
How much is 117 First Street E listed for, and what would it cost each month?
117 First Street E is listed for $799,500. With 20% down ($159,900), the mortgage payment would be roughly $3,225 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $4,691 a month, all in. That figure is an illustration, not a quote.
Is 117 First Street E freehold or a condo, and is there a monthly fee?
117 First Street E is a fourplex in 717 - Cornwall, Cornwall. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 117 First Street E have?
117 First Street E has 7 bedrooms and 4 bathrooms. The listing gives the style as 3-storey.
Does 117 First Street E have a garage and parking?
The listing does not show a garage. The driveway adds 10 spaces. In total the listing counts 10 parking spaces.
Does 117 First Street E have a finished basement?
The listing describes the basement as full.
What style of home is 117 First Street E?
117 First Street E is a fourplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 117 First Street E, and what is the lot size?
The listing puts the home between 3,500 and 5,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 55.2 x 149.7 ft.
How is 117 First Street E heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 117 First Street E?
Property taxes are $17,591 a year (2025), or about $1,466 a month.
Where is 117 First Street E?
117 First Street E is in the 717 - Cornwall community of Cornwall. The nearest main intersection is From Sydney St., turn East onto First St. E. Property is on the North side of the street. The postal code is K6H 1K8.
Is 117 First Street E still for sale?
Yes. It is an active listing (MLS® X14106156). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 117 First Street E asking?
Similar properties for sale nearby right now include 1452 St Michel Avenue at $585,000 (6 bed), 1450 St Michel Avenue at $585,000 (6 bed) and 1448 St Michel Avenue at $585,000 (6 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 117 First Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 117 First Street E?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
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Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.