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Investment signal

$708,900

315 MONTREAL ROAD

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Year

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Type

Retail

Suite

Investment signal

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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

Prime Investment Opportunity Near Ottawa and Montreal! Cornwall Mixed-Use Property for Sale!$789,000 (Restaurant on Main Floor + Residential Units Upstairs)Located in the bustling "Le Village" district with high foot trafficJust one block from a large condo development5-minute walk to the local university1.5 km from a major shopping area & waterfront sports parkFully Equipped Restaurant Ready to Operate!Spacious Second Floor: 8 Bedrooms + 2 Living Rooms + 2 Kitchens + 2 Bathrooms + StorageMaximize Cash Flow! Rent out the upper units or live on-site while running the business. The restaurant is one of the few Chinese eateries in town, successfully operating for over 8 years! With a fully equipped kitchen, it can accommodate 80-100 guests and is perfect for buffets, private events, and dine-in service.Features a private party room, ideal for birthday parties, baby showers, and corporate gatherings!Don't miss this rare opportunity! (id:65958)

Subtype: Retail
Community: 717 - Cornwall
Living area: 5,900 square feet
Lot dimensions: 48 x 100 FT
On market: Feb 21, 2025
Status changed: Apr 24, 2026
Annual tax: $8,040
Zoning: COM70
Photos: 12
MLS#: X11983299
Area: CORNWALL

Features and systems

Heating

Forced airElectric

Cooling

Partially air conditioned

Negative cash flow ~$792/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.70%

Cap rate

3.52%

GRM

16.6

Break-even rent

$4,384

Financing

Down payment$141,780

Loan amount$567,120

Mortgage$2,874/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$325

Insurance$80

Maintenance$591

CapEx reserve$295

Vacancy loss$178

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

Estimated $2,874/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

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.