For Sale Retail

27 First Street E

$874,900 Est. $3,874/mo ↓

Cornwall, Ontario K6H 1K5

4 Bathrooms
11,206 sqft Interior
11206 Ac Lot size
1 day ago Listed
Virtual tour Fully Air Conditioned Forced Air, Radiator Acreage

About this home

What if one of Downtown Cornwall's most recognizable buildings became its next great business destination? Welcome to 27 First Street East, home to Kastner's for more than 70 years and now ready for an entirely new chapter. With over 11,000 square feet of space, including approximately 7,000 square feet of retail area, this is an opportunity to think beyond a single storefront. Imagine transforming the building into professional suites for law firms, accountants, financial advisors, insurance brokers or other businesses looking for a prominent downtown address. Picture a welcoming café or restaurant at street level, boutique retail along the frontage, and professional offices bringing activity throughout the day. Perhaps it's a shared business centre with private offices and meeting rooms, a wellness destination bringing complementary services together, or a combination of retail, hospitality and workspace. One building. Multiple businesses. A whole new reason for people to visit downtown. With CBD zoning and a substantial footprint, investors and entrepreneurs have the opportunity to explore a variety of commercial concepts, along with potential residential or mixed use redevelopment. Located among downtown Cornwall's established shops, restaurants and professional services, this property offers the space and location to create something truly special. Kastner's has been part of Cornwall's story since 1953. Generations have walked through these doors, and now someone new has the chance to make their mark. Whether you're looking to establish your own business, create space for multiple tenants or bring an entirely new concept to life, the opportunity is yours to shape. The building has a history. **The future is wide open.** Buyers to verify measurements, permitted uses, division potential and redevelopment requirements with the City of Cornwall. (id:28469)

Facts & features

Property

MLS® Number
X14030404
Property Type
Retail
Community Name
717 - Cornwall

Building

Bathroom Total
4
Cooling Type
Fully Air Conditioned
Heating Type
Forced Air, Radiator
Size Exterior
11206 Sqft
Size Interior
11,206 Sqft
Utility Water
Municipal Water

Land

Acreage
Yes
Size Depth
108 Ft ,9 In
Size Frontage
64 Ft ,3 In
Size Irregular
11206
Size Total
11206 Ac
Size Total Text
11206 Ac
Zoning Description
Cbd

Monthly payment estimate

$
Estimated payment — per month
Mortgage amount
—
Total interest
—

Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.

Cost of ownership

Est. monthly payment
$3,874/mo
Ontario land transfer tax
$13,973 one-time

Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.

The Cornwall market

248 Active listings
$425,000 Median asking price
106% above median This home
34 days Avg. time on market
Browse all Cornwall listings →

Location

27 First Street E, Cornwall, Ontario K6H 1K5  ·  Get directions

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