26 First Street W Cornwall, Ontario K6J 1B9

$1,499,000

VTB FINANCING AVAILABLE! 5-PLEX & 5-BAY SHOP! This newly developed 5 unit property is fully vacant, individually serviced and includes heated indoor parking and heated indoor storage. Created in 2024, rent control does not apply to these 5 units. Increase your rents without governance year-over-year if desired. Choose your own tenants, collect premium rents with heated parking and storage options and prime location. Situated a stones-show from Downtown Pitt St. boutiques, fine dining, the mall and riverfront Park. Huge land parcel is 88x264, includes a massive band-new steel 5-bay garage/shop with in-floor heating. Utilize shop for your "specific purpose," or lease to your tenants. Each bay is very deep allowing for storage lockers, e-bike storage etc. Opportunity to create more income parking. Lot is newly fenced & paved. Both buildings are steel clad with metal roofs. This is a turn-key property, no headaches and expense of renovation or turnover. 24hr irrevocable. Call today! (id:43934)

Property Details

MLS® Number	1408487
Property Type	Multi-family
Neigbourhood	Downtown
ParkingSpaceTotal	15

Building

ConstructedDate	2024
CoolingType	None
HeatingFuel	Electric
HeatingType	Baseboard Heaters, Other
StoriesTotal	2
UtilityWater	Municipal Water

Land

Acreage	No
Sewer	Municipal Sewage System
SizeDepth	264 Ft
SizeFrontage	88 Ft
SizeIrregular	88 Ft X 264 Ft
SizeTotalText	88 Ft X 264 Ft
ZoningDescription	Cbd

https://www.realtor.ca/real-estate/27325503/26-first-street-w-cornwall-downtown