116 PITT STREET, Cornwall, Ontario, K6J3P4

Property Description

Welcome to 116 Pitt Street, a standout mixed-use opportunity in the heart of downtown Cornwall. This prime property features two spacious units and offers immediate income potential along with flexible future use for investors or entrepreneurs. The ground-floor commercial space is currently configured as a restaurant and showcases a unique enclosed patio with a garage-door-style window system. Open it up for breezy summer service or close it for a cozy atmosphere during cooler months. The space benefits from excellent street visibility and strong pedestrian traffic in Cornwall's vibrant downtown core. Upstairs, the character-filled second-floor apartment offers 2 bedrooms and 1 bathroom, blending charm with urban convenience. The inviting living room features vaulted ceilings, a wood-burning fireplace and a wet bar, creating a warm and welcoming atmosphere. The bright kitchen offers space for both a dining table and counter seating, while the oversized 5-piece bathroom conveniently includes in-suite laundry. The layout is completed by a private second bedroom and a generous primary bedroom with a large window overlooking bustling Pitt Street. A private second-level deck provides a rare outdoor retreat right in the heart of the city. The current owner would like to remain in the property as a tenant, offering attractive built-in income for the new owner under the following proposed terms: Ground Floor Commercial Lease: $4,000/month + HST + utilities + property taxes; Second Floor Apartment: $2,000/month + utilities. With excellent visibility, strong downtown foot traffic, three private parking spaces plus ample street parking, and the potential for immediate rental income, this property presents a compelling opportunity for investors seeking a turnkey asset in Cornwall's downtown core. Don't miss your chance to own this prime slice of Cornwall real estate, make the right move and see it for yourself. (id:64974)

Quick Facts

• Property Type: Residential Commercial Mix
• Bedrooms: None
• Bathrooms: None
• Living Area: 2,561 sq ft (237.9 m²)
• Lot Size: 2561.0000 acres (1036.4 ha)
• Frontage: 20 ft (6 m)

Costs

• Annual Taxes: $13,369.00

Listing Provided by: CENTURY 21 SHIELD REALTY LTD.
Board: Cornwall & District Real Estate Board
Data provided via CREA DDF®.