401-403 Water Street E, Cornwall, ON K6H 1A6
717 - Cornwall, Cornwall · Near Gloucester · View map
About this home
Are you looking for a wonderful property with a great income? Look no further. This 5-plex is centrally located near the St. Lawrence and all its amenities, including the mall, bus routes, and local shops. While originally built in 1986, the property has been well-maintained with a brick exterior makeover, new roof shingles in 2020, and new sidewalks on the corner and west side. The building features two larger units on the ground floor with spacious living rooms and kitchens, plus three units on the upper level, one of which has been recently renovated. Each unit has a separate hydro meter. New tenants can be signed as rent + hydro (one upper unit is already paying their own hydro). Hot water is provided by a cost-saving, gas, on-demand system. Each unit includes its own laundry hookups, with the exception of one upper unit. There 4 parking spots at the back of the building. Schedule your showing to check out this cared-for 5 plex. "Other" expense is natural Gas $785.64/year for on demand HW. Gross yearly income is currently $53,508.00. (January 2027 will be $60,938.00 when fully rented). Expenses are $10,878.00. Net income currently is $42,629.50. 48 hour notice required for showings.
The home
- Type
- Investment
- Square footage
- 4195 sq ft
- Lot size
- 44.7 x 60 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Baseboard
Garage & parking
- Total parking
- None
Taxes & other
- Property taxes
- $5,262/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- TBD
- Cross street
- Gloucester
- Neighbourhood
- 717 - Cornwall
More
- MLS® number
- X13765952
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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.
401-403 Water Street, Cornwall, ON K6H 1A6
717 - Cornwall, Cornwall · Near Gloucester
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Listing history for 401-403 Water 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 401-403 Water Street E
Answers come straight from this home’s MLS® listing.
How much is 401-403 Water Street E listed for, and what would it cost each month?
401-403 Water Street E is listed for $530,000. With 20% down ($106,000), the mortgage payment would be roughly $2,138 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $2,576 a month, all in. That figure is an illustration, not a quote.
Is 401-403 Water Street E freehold or a condo, and is there a monthly fee?
401-403 Water 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 401-403 Water Street E have a garage and parking?
The listing does not show a garage. The listing does not include a parking space.
What style of home is 401-403 Water Street E?
401-403 Water Street E is an investment. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 401-403 Water Street E, and what is the lot size?
The lot is listed as 44.7 x 60 ft.
How is 401-403 Water Street E heated and cooled?
Heating is baseboard. The listing does not show air conditioning.
What are the property taxes for 401-403 Water Street E?
Property taxes are $5,262 a year (2025), or about $439 a month.
Where is 401-403 Water Street E?
401-403 Water Street E is in the 717 - Cornwall community of Cornwall. The nearest main intersection is Gloucester. The postal code is K6H 1A6.
Is 401-403 Water Street E still for sale?
Yes. It is an active listing (MLS® X13765952). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 401-403 Water Street E asking?
Similar properties for sale nearby right now include 401-403 Water Street E at $530,000 (5 bed), 123-125 Amelia Street at $525,000 and 786 SEVENTH Street W at $595,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 401-403 Water 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 401-403 Water 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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Land$595,000786 SEVENTH Street W, Cornwall717 - CornwallCourtesy of: RE/MAX AFFILIATES MARQUIS LTD.View home →Courtesy of: ROYAL LEPAGE PERFORMANCE REALTY
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.