#103 108 Second Street East, Cornwall, Ontario, K6H3H1




$359,900
Cornwall
This retail property in Cornwall is for sale offering roughly 1,413 sq ft of space. It has been on the market 54 days, fresher than the Cornwall average of 79 days.
Investment opportunity in the heart of downtown Cornwall. Unit #103 at 108 Second Street East offers approximately 1,413 sq. ft. of main-floor commercial space in Knox City Centre, a modern mixed-use condominium building prominently located at the corner of Second Street East and Sydney Street. The unit fronts directly onto Sydney Street and is currently leased to an established financial consulting firm, with a valid lease in place until December 31, 2030, providing an investor with immediate rental income. The space includes 2 commercial parking spaces, and access to additional visitor parking. Knox City Centre features four commercial units on the main floor, with 36 residential condominium units above, and is ideally situated close to shopping, restaurants, professional services, Lamoureux Park, and Cornwall's waterfront. Central Business District (CBD) zoning allows for a wide range of commercial uses, including office, financial institution, medical, retail, restaurant, pharmacy and personal service uses, among others. Buyers are to verify with the City of Cornwall and the condominium corporation that their intended use and any required alterations are permitted. A well-located, income-producing commercial condominium with an established tenancy and versatile downtown zoning. Lease and financial details are available to qualified buyers upon execution of a confidentiality agreement. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 54 days on market, against an average age of 79 days across the listings currently for sale in this city
This retail in Cornwall has been listed for 54 days, which is 25 days fresher than the city average of 79. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $359,900, about 5.9× the local median household income of $61,200.
Carrying it typically needs a household income of about $70,301 (20% down, 25-yr amortization, stress-tested) — roughly 15% above the area median.
Source: Statistics Canada, 2021 Census (FSA K6H)
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