440 WATER STREET E, Cornwall, Ontario, K6H1A6

Property Description

This expansive 0.7-acre property offers exceptional versatility, featuring a large commercial building with multiple income-generating opportunities. The upper level includes two residential units with a combined footprint of just under 3,300 sq. ft., providing spacious living or rental options. The main level hosts a sizeable bar/commercial area that offers endless potential for redevelopment or a wide range of business uses. The building is equipped with SPU zoning and includes four gas meters and four hydro meters, supporting multiple tenants or mixed-use operations. The lower level adds even more flexibility, offering both a residential unit and additional commercial space totaling approximately 3,000 sq. ft. Outside, the property features a substantial fenced lot with secure barbed-wire perimeter and convenient rear access to John Street. This portion of the land is zoned to accommodate a seven-story apartment building, presenting a significant development opportunity. Overall, this property is ideal for investors, developers, or business owners seeking a high-potential mixed-use site with ample space and future growth possibilities. Roof 2025 ($63,000 membrane). All info must be verified by any and all interested parties. Property Being Sold As-Is Where-Is. (id:64974)

Quick Facts

• Property Type: Residential Commercial Mix
• Bedrooms: None
• Bathrooms: None
• Living Area: 30,000 sq ft (2,787.1 m²)
• Frontage: 41 ft (12.4 m)

Costs

• Annual Taxes: $10,133.61

Listing Provided by: EXP REALTY
Board: Ottawa Real Estate Board
Data provided via CREA DDF®.