109 PITT STREET, Cornwall, Ontario, K6J3P5

Property Description

Welcome to 109 Pitt Street - a prime investment opportunity in the heart of Downtown Cornwall. Perfectly situated between First and Second Street, this impressive mixed-use building boasts outstanding curb appeal and approximately 4,300 square feet of versatile space.The property features a modern commercial unit with an established tenant, providing immediate, stable income. Above, you'll find two separate residential units - one currently occupied by an excellent tenant, and the other vacant, offering the flexibility to set your own rent and select your ideal tenant.Whether you're looking to expand your portfolio or secure a high-visibility downtown asset, 109 Pitt Street delivers strong income potential in a sought-after location. Gross income (with one residential unit vacant) is 60,444. NOI(with one residential unit vacant) is 42,320. Fully occupied this property could have the opportunity of generating close to 80,844 gross and NOI projected at 62,720 at an estimated 1,700$/mth for the vacant unit. Minimum 24 hour notice is required for all showings. All offers are to contain a 48 hour irrevocable clause. (id:64974)

Quick Facts

• Property Type: Retail
• Bedrooms: None
• Bathrooms: None
• Living Area: 4,600 sq ft (427.4 m²)
• Frontage: 32 ft (9.8 m)

Costs

• Annual Taxes: $11,261.00

Listing Provided by: RE/MAX AFFILIATES MARQUIS LTD.
Board: Cornwall & District Real Estate Board
Data provided via CREA DDF®.