111 Montreal
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+26 more
$325,000

111 Montreal

Cornwall, Ontario, K6H1B2

Active
2,980
Sq Ft

About This Property

This retail in Cornwall offers 2,980 sq ft of living space. The home features forced air, natural gas heating, partially air conditioned.

MLS Remarks

111 Montreal Road offers an opportunity to acquire a well-established commercial/residential building with scale, flexibility, and strong long-term potential in Cornwall's historic Le Village district. The main level provides over 1,600 sq ft of versatile commercial space, well suited for professional, retail, or service-based use. The layout includes a reception area, a combination of private offices and open-concept workspace, a bathroom, kitchenette, fireproof safe room, and generous storage throughout-allowing for a wide range of business configurations. The upper level features two one-bedroom residential units, offering multiple income streams. One unit is currently occupied by a long-term tenant, while the second unit is vacant, providing immediate opportunity for additional rental income or owner occupancy. The surrounding area is evolving, with two new apartment complexes currently under construction nearby, which may contribute to additional activity and visibility over time. The property is within close proximity to local shops, services, and amenities and may qualify for city incentive programs through the Heart of the City initiative (buyer to verify). Important note: The building is currently open to the main level of 113-115 Montreal Road. While being sold separately, the properties may be purchased together (arms-length), or easily converted back into two fully independent buildings by reinstating a dividing wall. A compelling option for investors, entrepreneurs, or professionals seeking a mixed-use property with scale, income potential, and a strong presence within Cornwall's historic Le Village district. (id:60351)

Overview

Property Typeresidential
Sub-Typeretail
StatusActive
MLS #X12304456

Interior

HeatingForced air, Natural gas
CoolingPartially air conditioned

Fees & Taxes

Annual Taxes$4,089 (2024)

Listing Information

MLS#: X12304456


Information is deemed reliable but not guaranteed. Data provided by the Canadian Real Estate Association (CREA) through the Data Distribution Facility (DDF). Listing data is updated regularly but may not reflect the most current information. All information should be independently verified.

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Mortgage Calculator

$
$65,000
5%20%50%
Estimated Monthly Payment
$1,445
/month
Mortgage
$260,000
Total Interest
$173,549

For illustration purposes only. Consult a mortgage professional for accurate rates.

Land Transfer Tax

$
Ontario LTT$3,350
Total Due on Closing$3,350

Estimate based on Ontario LTT rates. Consult your lawyer for exact amounts.

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