820 Tollgate
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$1,000,000

820 Tollgate

Cornwall, Ontario, K6H5R6

Active
6
Sq Ft
6.2
Lot (sqft)

Description

This is a +/- 6.2 acre parcel of Land that is being offered subject to severance. Note that the address provided is for access to the MLS system. The actual lot will front on Great Wolf Drive (and not off of Tollgate Rd) which is scheduled for construction completion in 2025. The lot will be fully serviced with water, sewer, gas & electricity. Great Wolf Lodge Road will become the western entrance to the City's newest business park. Zoning for this site is Highway Commercial and will allow for a wide variety of both light industrial/business park and commercial uses including Hotel/Motel with Restaurant etc. The property is being offered subject to severance from the Seller's operations at the North end of the property. There is potential to sever property into two new parcels in addition to the Truck wash. If this were to happen the price might have to be altered to reflect additional costs. Current Assessment & Tax numbers reflect the entire site and the Seller's operations on the property. We expect the municipal address, property assessment, legal description will change as a result of the severance application. Closing of any transaction will likely occur in early 2026. Any new development will obviously be subject to Cornwall's Site Plan Control bylaw and other regulatory requirements. (id:60351)

Overview

Property Typeresidential
Sub-Typevacant land
StatusActive
MLS #X12080872

Fees & Taxes

Annual Taxes$25,400 (2025)

Listing Information

MLS#: X12080872


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

$
$200,000
5%20%50%
Estimated Monthly Payment
$4,447
/month
Mortgage
$800,000
Total Interest
$533,998

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

Land Transfer Tax

$
Ontario LTT$16,475
Total Due on Closing$16,475

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

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