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Investment signal

$399,900

402 PITT STREET

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Beds

Baths

Sqft

—

Year

—

Type

Single Family

Suite

Suite potential

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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

Attention Investors!! This versatile 4-bedroom, 2-bathroom property offers a rare opportunity in the heart of the city, perfectly suited for savvy investors seeking to renovate and take advantage of strong income potential. Zoned with Commercial Business District (CBD), the property allows for a wide range of uses, making it ideal for mixed-use development (Please refer City Zoning for uses).The main floor is well-positioned for various business ventures, benefiting from excellent visibility and accessibility, while the upper level provides comfortable residential space-perfect for owner-occupancy, rental income, or live-work flexibility.In addition to the generous interior layout, the property features a large parking area, a valuable asset for both commercial and residential use. The included vacant land further enhances the investment appeal, offering potential for expansion, additional development, or outdoor commercial use (Please refer City Zoning for uses).Located in a prime central area with steady foot traffic and close proximity to key amenities, this property combines convenience, flexibility, and long-term growth potential. Whether you're looking to establish a business, generate rental income, or develop a mixed-use space, this is an opportunity not to be missed. Heating System - 2019, Shingles - 2021. (id:65958)

Subtype: Single Family
Structure: House
Community: 717 - Cornwall
Common interest: Freehold
Lot dimensions: 41 x 70 FT
Bedrooms: 4 above grade
Parking: 6 total
Stories: 2
On market: Apr 23, 2026
Status changed: Apr 24, 2026
Annual tax: $1 (2025)
Zoning: CBD
Photos: 19
MLS#: X13038066
Area: CORNWALL

Features and systems

Parking

CarportNo Garage

Basement

Crawl space

Appliances

WasherRefrigeratorStoveDryerWater Heater

Cooling

None

Exterior

Brick

Foundation

Stone

Utilities

SewerElectricityCable

Positive cash flow ~$371/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

5.56%

Cap rate

5.98%

GRM

11.5

Break-even rent

$2,510

Financing

Down payment$79,980

Loan amount$319,920

Mortgage$1,621/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$183

Insurance$80

Maintenance$333

CapEx reserve$167

Vacancy loss$145

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 $1,621/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.