$939,000
117 FIRST STREET E
Beds
—
Baths
—
Sqft
3,860
Year
—
Type
Office
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
Ideally situated in the heart of Cornwall's vibrant downtown core, this substantial and versatile property offers unmatched potential for investors, business owners, and owner-occupiers alike. The property permits a broad range of uses including professional offices, residential apartments, mixed-use development, and more. Formerly configured as four self-contained units, the building is thoughtfully designed with multiple kitchens and bathrooms, providing flexibility for various occupancy or leasing scenarios. Whether you intend to operate your own business, generate rental income, or establish a live-work arrangement, this property easily adapts to your needs. The property showcases a timeless character stone façade, complemented by tastefully renovated interiors that combine functionality with modern appeal. Ample on-site parking ensures convenience for clients, tenants, or residents. Situated in a highly desirable downtown location, the property is steps away from major amenities including shopping centres, restaurants, boutique shops, and the scenic waterfront. Whether you're seeking a peaceful lifestyle, business opportunity, or strategic investment, Cornwall offers the perfect balance of small-town charm and urban convenience. (id:65958)
- Subtype
- Office
- Structure
- Offices
- Community
- 717 - Cornwall
- Living area
- 3,860 square feet
- Lot dimensions
- Bldg=55.18 x 149.67 FT
- Parking
- 10 total
- On market
- Oct 2, 2025
- Status changed
- Apr 24, 2026
- Annual tax
- $17,591
- Zoning
- Commercial Business District
- Photos
- 47
- MLS#
- X12440056
- Area
- CORNWALL
Features and systems
Heating
Cooling
Cash on cash
-6.55%
Cap rate
3.55%
GRM
16.6
Break-even rent
$5,779
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.
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 24, 2026.