$325,000
111 MONTREAL ROAD
Beds
—
Baths
—
Sqft
2,980
Year
—
Type
Retail
Suite
Suite potential
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Cornwall. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Something is happening in Cornwall right now... and not everyone sees it yet. New apartment buildings are rising. More people are moving here. More businesses are starting to pay attention. And in Le Village, that momentum is just getting started. Built in the 1930s, 111 Montreal Road has long been part of the fabric of this community, most recently home to a well-established family insurance business for over 45 years. Now, it sits right where that next chapter is beginning. The main level offers over 1,600 sq ft of flexible commercial space, currently configured with a reception area, private offices, open workspace, kitchenette, bathroom, fireproof vault with safe, and ample storage-well suited for professional, retail, or service-based use, with the ability to adapt as needed. Upstairs, two one-bedroom residential units provide additional income potential. One unit is currently occupied by a long-term tenant, while the second is vacant, allowing for immediate rental income or owner occupancy. With two new apartment buildings under construction nearby, the area is evolving-bringing increased activity, visibility, and opportunity over time. The property is also connected at the main level to 113-115 Montreal Road. While being sold separately, the buildings can be purchased together or easily converted back into two independent spaces by reinstating a dividing wall. Located close to local shops, services, and amenities, and with potential eligibility for city incentive programs through the Heart of the City initiative (buyer to verify), this is a strong mixed-use opportunity with scale, flexibility, and long-term potential in an established neighbourhood with nearby development that may contribute to increased activity over time. (Some photos are virtually staged) (id:65958)
- Subtype
- Retail
- Community
- 717 - Cornwall
- Living area
- 2,980 square feet
- Lot size
- 2,980 acres
- Lot dimensions
- 2980
- On market
- Apr 29, 2026
- Status changed
- Apr 29, 2026
- Annual tax
- $4,223 (2025)
- Zoning
- LVD (Le Village District - see document section)
- Photos
- 29
- MLS#
- X13059800
- Area
- CORNWALL
Features and systems
Heating
Cooling
Cash on cash
6.04%
Cap rate
6.07%
GRM
11.3
Break-even rent
$2,055
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Cornwall. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 29, 2026.