1335 Reneal Street Cornwall, Ontario K6H 3L5

$2,000,000

Rare redevelopment opportunity in the heart of Cornwall. This former school sits on approximately 1.72 acres and offers nearly 20,000 sq. ft. of existing building area with RES-30 medium-to-high density residential zoning already in place. Previously approved for a 17-unit residential conversion, the property presents an exceptional opportunity for investors, developers, and builders seeking to capitalize on the growing demand for housing. Potential permitted uses may include apartments, triplexes, fourplexes, row housing, retirement living, rooming accommodations, and other residential development opportunities, subject to municipal approvals.The site benefits from municipal water and sewer services, natural gas, hydro, ample parking, and a clean environmental record. The substantial existing structure offers significant adaptive reuse potential, while the excess land may provide opportunities for future expansion or additional development, subject to approvals.Opportunities of this scale, with existing zoning, infrastructure, and a proven development concept already established, are becoming increasingly difficult to find. Buyers are encouraged to conduct their own due diligence with the City of Cornwall regarding future development plans and permitted uses. (id:43934)

Property Details

MLS® Number	X13438442
Property Type	Multi-family
Community Name	717 - Cornwall
Features	Irregular Lot Size

Building

Cooling Type	None
Heating Fuel	Natural Gas
Heating Type	Radiator, Hot Water, Hot Water Radiator Heat
Size Interior	2 Acres
Type	Multi-family
Utility Water	Municipal Water

Land

Acreage	Yes
Size Depth	199 Ft ,10 In
Size Frontage	301 Ft ,6 In
Size Irregular	1.72
Size Total	1.72 Ac
Size Total Text	1.72 Ac
Zoning Description	Res30

https://www.realtor.ca/real-estate/29896635/1335-reneal-street-cornwall-717-cornwall