For Sale Vacant Land

428 2nd Street E

$1,600,000 Est. $7,084/mo ↓

Cornwall, Ontario K6H 1Z3

2 Bathrooms
1 Acres Interior
1.214 Ac Lot size
1 day ago Listed
Fully Air Conditioned Acreage

About this home

1.214 ACRES | 2 PINS | 2 STREET FRONTAGES | CENTRAL CORNWALL A two-parcel redevelopment assembly of approximately 1.214 acres at 428 Second Street East and 429 First Street East, offered together as one acquisition. The site has frontage on both Second Street East and First Street East. That dual frontage delivers access, depth and flexibility that is difficult to achieve with a single infill parcel. 428 Second Street East includes the existing former funeral home structure and is zoned SPU20. The adjoining 429 First Street East parcel is zoned RES30. RES30 permits a range of residential forms, including apartments, triplexes, quadruplexes and rowhouses. The SPU20 zoning broadens the site's potential to include offices, medical facilities, retirement homes and the existing funeral-home use, subject to municipal confirmation. The value is straightforward: scale, optionality, frontage and control. A purchaser can evaluate multi unit residential, rental housing, seniors and care, institutional use, adaptive reuse of the existing structure, or a broader redevelopment strategy. The existing building offers an immediate reuse path while the combined assembly provides the scale needed for a more comprehensive concept. Both PINs convey together. Buyer to complete independent due diligence on permitted uses, density, height, parking, access, servicing, environmental matters, HST, site plan requirements, zoning amendments, parcel consolidation and all municipal approvals. No density, redevelopment approval or future use is represented or guaranteed. (id:28469)

Facts & features

Property

MLS® Number
X14131112
Property Type
Vacant Land
Community Name
717 - Cornwall

Building

Bathroom Total
2
Cooling Type
Fully Air Conditioned
Size Interior
1 Acres
Utility Water
Municipal Water

Land

Acreage
Yes
Sewer
Sanitary Sewer
Size Depth
534 Ft ,10 In
Size Frontage
88 Ft ,3 In
Size Irregular
1.214
Size Total
1.214 Ac
Size Total Text
1.214 Ac
Zoning Description
Spu20 / Res30 - Split Zoning

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
$7,084/mo
Ontario land transfer tax
$28,475 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

230 Active listings
$427,000 Median asking price
275% above median This home
35 days Avg. time on market
Browse all Cornwall listings →

Location

428 2nd Street E, Cornwall, Ontario K6H 1Z3  ·  Get directions

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