The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
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 multiple treatment spaces, 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.
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Age Groups
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$2,052/mo
Mortgage (principal + interest)$1,327
Property taxFrom listing: $8,700/yr$725
Minimum $17,740 down for this price; the slider moves in whole percent, starting at 5%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$70,960
Ontario land transfer taxProvincial brackets, no first-time refund$3,797
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$77,557
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Cornwall has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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