$530,000
401-403 Water Street E, Cornwall, ON K6H 1A6
717 - Cornwall · Cornwall · K6H 1A6
Listing brokerage: ROYAL LEPAGE PERFORMANCE REALTY
- Beds
- 5
- Baths
- 5
- Sq ft
- 3500–5000
- Parking
- 4
Monthly costs
Property taxes
$439/mo
$5,262 a year (2025)
The home
- Lot size
- 44.7 × 60 ft
- Basement
- Crawl Space
- Parking
- 4 spots
- Faces
- North
- Heating · cooling
- Baseboard
- Possession
- TBD
About this home
Are you looking for a wonderful property for your investment portfolio? Look no further. This 5-plex is centrally located near the St. Lawrence and all its amenities, including the mall, bus routes, and local shops. While originally built in 1986, the property has been well-maintained with a brick exterior makeover, new roof shingles in 2020, and new sidewalks on the corner and west side. The building features two larger units on the ground floor with spacious living rooms and kitchens, plus three units on the upper level, one of which has been recently renovated. Each unit has a separate hydro meter. New tenants can be signed as rent + hydro (one upper unit is already paying their own hydro). Hot water is provided by a cost-saving, gas, on-demand system. Each unit includes its own laundry hookups, with the exception of one upper unit. There 4 parking spots at the back of the building. Schedule your showing to check out this cared-for 5 plex. "Other" expense is natural Gas $785.64/year for on demand HW. 48 hour notice required for showings. This property is also listed under commercial MLS#: X13765952
All details19 more from the listing · Interior, Heating, Parking, Exterior, Utilities, Taxes, Listing
Interior
- Bedrooms
- 5
- Bathrooms
- 5
- Kitchens
- 5
- Rooms
- 15
- Size
- 3500-5000 sq ft
Features
- Other
Heating & Cooling
- Heat source
- Electric
Parking
- Covered spaces
- 0
Exterior & Lot
- Exterior
- Brick
- Roof
- Shingles
- Foundation
- Concrete
Utilities
- Sewer
- Sewer
Taxes & Fees
- HST
- Included In
Listing
- MLS® number
- X13781138
- Type
- Multiplex
- Transaction
- For Sale
- Neighbourhood
- 717 - Cornwall
- Cross streets
- Gloucester
Rooms · 5Washroom ×5
5 × 4-piece washroom
History
Past listings and sales for this home and building.
Location
401-403 Water Street E, Cornwall, ON K6H 1A6 · Near Gloucester
Monthly cost
Estimated monthly cost
$2,785/mo
- Mortgage
- $2,347
- Property tax
- $439
Amortization
Estimate only, for illustration. Includes mortgage default insurance when less than 20% is put down. Speak with a lender for an exact figure.
Cash to close
Cash to close
$115,085
$106,000 down + $9,085 to $10,335 in closing costs
- Ontario land transfer tax
- $7,075
- Legal fees and disbursements
- $1,500 to $2,500
- Title insurance
- $250 to $500
- Property tax adjustment
- $260
Estimate only, not legal or tax advice. Rates as of 2026-10-14 from Ontario, City of Toronto and CMHC published rates. Legal and title figures are typical ranges. Adjustments assume the seller prepaid the closing month. First-time rebates have eligibility rules; confirm with your lawyer.
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$530,000
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