Investment opportunity in the heart of downtown Cornwall. Unit #104 at 108 Second Street East offers approximately 1,322 sq. ft. of main-floor commercial space in Knox City Centre, a modern mixed-use condominium building located at the corner of Second Street East and Sydney Street. The unit is currently home to an established multidisciplinary health and wellness clinic, with a valid lease in place until March 31, 2029, providing an investor with immediate rental income. The professionally configured space includes a two-piece washroom, two exclusive-use parking spaces, and access to additional visitor parking. Knox City Centre features four commercial units on the main floor with 36 residential condominium units above and is ideally situated in Cornwall's downtown core, close to shopping, restaurants, professional services, Lamoureux Park and the waterfront.CBD zoning allows for a wide range of commercial uses, including office, financial institution, medical, retail, restaurant, pharmacy and personal service uses, among others. Buyers are to verify with the City of Cornwall and the condominium corporation that their intended use and any required alterations are permitted. A well-located, income-producing commercial condominium with an established tenant, existing lease and versatile downtown zoning. Lease and financial details are available to qualified buyers upon execution of a confidentiality agreement. (id:28469)
Facts & features
Property
MLS® Number
X13770246
Property Type
Retail
Community Name
717 - Cornwall
Building
Cooling Type
Fully Air Conditioned
Heating Fuel
Natural Gas
Heating Type
Forced Air
Size Interior
1,322 Sqft
Type
Retail
Utility Water
Municipal Water
Land
Acreage
No
Size Depth
146 Ft ,3 In
Size Frontage
300 Ft ,10 In
Size Irregular
Unit=300.84 X 146.32 Ft
Size Total Text
Unit=300.84 X 146.32 Ft
Zoning Description
Central Business District (cbd)
Monthly payment estimate
$
Estimated payment—per month
Mortgage amount
—
Total interest
—
Down payments under 20% typically require mortgage default insurance (CMHC), which is not included in this estimate.
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
$1,571/mo
Ontario land transfer tax
$3,797 one-time
Payment assumes 20% down over 25 years. First-time buyers may get up to $3,797 back on land transfer tax.