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.
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.
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Age Groups
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Owners vs Renters
Ownership data is not available.
Household Type
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What’s NearbyDistances approximate
No nearby school data is available for this listing.
Transit score information is not available for this listing.
Nearby everyday places are not available for this listing.
Always confirm school catchments with the local school board.
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$5,543/mo
Mortgage (principal + interest)$3,273
Property taxFrom listing: $27,243/yr$2,270
Minimum $62,490 down for this price; the slider moves in whole percent, starting at 8%. 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$174,980
Ontario land transfer taxProvincial brackets, no first-time refund$13,973
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$191,753
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.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
