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$ 225,000
Est. payment /mo
Price Dropped by $25K
113-115 Montreal RD Cornwall, ON K6H 1B2
2 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Subdivision 717 - Cornwall
MLS Listing ID X12304474
Annual Tax Amount $2,984
Tax Year 2024
Property Sub-Type Commercial Retail
Property Description
Versatile mixed-use property located in Cornwall's historic Le Village district.113-115 Montreal Road offers a well-maintained commercial/residential building with flexible use options and long-term potential in a well-established, walkable area. The main level features approximately 772 sq ft of functional commercial space, including a large open area, private office, and 2-piece bathroom-well suited for professional services, boutique retail, or owner-occupied business use. The upper level includes a spacious 1-bedroom apartment (approx. 620 sq ft) with electric baseboard heating and a dedicated hot water tank. A long-term tenant of approximately four years is currently in place, paying $700/month plus utilities, providing consistent supplementary income. The surrounding area is evolving, with two new apartment complexes currently under construction nearby, which may contribute to additional activity and visibility over time. The property is within close proximity to local shops, services, and amenities and may qualify for city incentive programs through the Heart of the City initiative (buyer to verify). Important note: The building is presently open to the main level of 111 Montreal Road. While being sold separately, the properties may be purchased together (arms-length), or the space can be reconfigured into two independent units by reinstating a dividing wall.
Location
State ON
County Stormont, Dundas And Glengarry
Area Stormont, Dundas And Glengarry
Interior
Cooling Partial
Exterior
Utilities Available Available
Lot Frontage 17.5
Lot Depth 87.2
Others
Security Features No
ParcelsYN No
Listed by RE/MAX AFFILIATES MARQUIS LTD.
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