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
- Multiplex
- Style
- Other
- Square footage
- 3500-5000 sq ft
- Bedrooms
- 5
- Bathrooms
- 5
- Kitchens
- 5
- Rooms
- 15
- Basement
- Crawl Space
- Lot size
- 44.7 x 60 ft
- Faces
- North
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Electric
- Heating type
- Baseboard
- Fireplace
- No
Garage & parking
- Driveway spaces
- 4
- Total parking
- 4
Taxes & other
- Property taxes
- $5,262/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- TBD
- Cross street
- Gloucester
- Neighbourhood
- 717 - Cornwall
More
- Price per sq ft
- ~$125 (at 4,250 sq ft)
- MLS® number
- X13781138
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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 multiplex 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 401-403 Water Street E have?
401-403 Water Street E has 5 bedrooms and 5 bathrooms. The listing gives the style as other.
Does 401-403 Water Street E have a garage and parking?
The listing does not show a garage. The driveway adds 4 spaces. In total the listing counts 4 parking spaces.
Does 401-403 Water Street E have a finished basement?
The listing describes the basement as crawl space.
What style of home is 401-403 Water Street E?
401-403 Water Street E is a multiplex. 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 401-403 Water 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 44.7 x 60 ft.
How is 401-403 Water Street E heated and cooled?
Heating is baseboard (electric). 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® X13781138). 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, 216-218-218A Bedford Street at $399,000 (5 bed) and 1316 Cumberland Street at $499,900 (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 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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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.