1.214 ACRES | 2 PINS | 2 STREET FRONTAGES | CENTRAL CORNWALL A two-parcel redevelopment assembly of approximately 1.214 acres at 428 Second Street East and 429 First Street East, offered together as one acquisition. The site has frontage on both Second Street East and First Street East. That dual frontage delivers access, depth and flexibility that is difficult to achieve with a single infill parcel. 428 Second Street East includes the existing former funeral home structure and is zoned SPU20. The adjoining 429 First Street East parcel is zoned RES30. RES30 permits a range of residential forms, including apartments, triplexes, quadruplexes and rowhouses. The SPU20 zoning broadens the site's potential to include offices, medical facilities, retirement homes and the existing funeral-home use, subject to municipal confirmation. The value is straightforward: scale, optionality, frontage and control. A purchaser can evaluate multi unit residential, rental housing, seniors and care, institutional use, adaptive reuse of the existing structure, or a broader redevelopment strategy. The existing building offers an immediate reuse path while the combined assembly provides the scale needed for a more comprehensive concept. Both PINs convey together. Buyer to complete independent due diligence on permitted uses, density, height, parking, access, servicing, environmental matters, HST, site plan requirements, zoning amendments, parcel consolidation and all municipal approvals. No density, redevelopment approval or future use is represented or guaranteed. (id:66096)
Property Details
MLS®
X14131112
Property Type
Vacant Land
Zoning
SPU20 / RES30 - Split Zoning
Bathrooms
2
Lot Size
1.21 acres
Frontage
88 ft
Price per Acre
$1,317,953 per acre
Cooling
Fully air conditioned
Property Tax
$8,387.98/yr
Listed
5 days ago
Services
Water
Municipal water
Sewer
Sanitary sewer
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
5d
Cornwall listings, avg age
79d
List price
$1.60M
Just listed: 5 days on market, against an average age of 79 days across the listings currently for sale in this city
Market timing · days on market0 → 79d avg age of current listings
Just listed · day 5
Haho
This vacant land in Cornwall has been listed for 5 days, which is 74 days fresher than the city average of 79. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (K6H)
This home lists at $1,600,000, about 26.1× the local median household income of $61,200.
Carrying it typically needs a household income of about $312,536 (20% down, 25-yr amortization, stress-tested) — roughly 411% above the area median.
Median household income
$61,200
Population
30,440
Median age
46
Owner / renter
55% / 45%
Avg. household size
2.2
Source: Statistics Canada, 2021 Census (FSA K6H)
$1,600,000
For sale
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