205 FIRST Street E, Cornwall, ON K6H 1K9
717 - Cornwall, Cornwall · Near 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 · View map
About this home
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.
The home
- Type
- Investment
- Square footage
- 240 sq ft
- Lot size
- 105.7 x 83 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Electric Hot Water
Garage & parking
- Garage
- Single Detached
- Driveway spaces
- 7
- Total parking
- 7
Taxes & other
- Property taxes
- $5,769/yr
- Tax year
- 2025
- Occupancy
- Vacant
- Possession
- TBD
- 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
- Neighbourhood
- 717 - Cornwall
More
- MLS® number
- X13879088
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No features listed yet.
- 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.
205 FIRST Street, Cornwall, ON K6H 1K9
717 - Cornwall, Cornwall · Near 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
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Listing history for 205 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 205 FIRST Street E
Answers come straight from this home’s MLS® listing.
How much is 205 FIRST Street E listed for, and what would it cost each month?
205 FIRST Street E is listed for $799,000. With 20% down ($159,800), the mortgage payment would be roughly $3,223 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $3,704 a month, all in. That figure is an illustration, not a quote.
Is 205 FIRST Street E freehold or a condo, and is there a monthly fee?
205 FIRST Street E is a investment 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.
Does 205 FIRST Street E have a garage and parking?
Yes. The listing shows the garage as single detached. The driveway adds 7 spaces. In total the listing counts 7 parking spaces.
What style of home is 205 FIRST Street E?
205 FIRST Street E is an investment. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 205 FIRST Street E, and what is the lot size?
The lot is listed as 105.7 x 83 ft.
How is 205 FIRST Street E heated and cooled?
Heating is electric hot water. The listing does not show air conditioning.
What are the property taxes for 205 FIRST Street E?
Property taxes are $5,769 a year (2025), or about $481 a month.
Where is 205 FIRST Street E?
205 FIRST Street E is in the 717 - Cornwall community of Cornwall. The nearest main intersection is 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. The postal code is K6H 1K9.
Is 205 FIRST Street E still for sale?
Yes. It is an active listing (MLS® X13879088). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 205 FIRST Street E asking?
Similar properties for sale nearby right now include 2135 Pitt Street at $765,000, 109 Pitt Street at $759,900 and 109 York Street at $849,900. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 205 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 205 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.