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.
Beautifully updated and perfectly positioned across from Lamoureux Park, Unit 304 at 331 Water Street West offers comfortable condo living with views of the St. Lawrence River right from home. This bright 2-bedroom, 2-bathroom unit has seen extensive improvements over the past year, giving it a fresh, modern feel while maintaining a practical and spacious layout. The updated kitchen includes new cabinet doors, quartz countertops, a new backsplash, new flooring, and new appliances, providing ample workspace and an easy flow into the dining and living areas. The living room is filled with natural light and features a gas fireplace for added warmth and comfort. A new patio door leads to the private balcony, where you can enjoy the southeast exposure along with views over Lamoureux Park and the St. Lawrence River. The primary bedroom offers its own ensuite bathroom, while the second bedroom and full guest bathroom provide plenty of flexibility for visitors, hobbies or a home office. In-suite laundry, a private storage locker, elevator access and underground parking make day-to-day living easy. The underground garage also features a heated ramp, a welcome bonus during Cornwall winters. The location is hard to beat. Step outside and you're just across from Lamoureux Park and Cornwall's waterfront trail, while Downtown Cornwall, restaurants, shopping, public transit and everyday services are all close by. Recent Updates (2025-2026): New kitchen cabinet doors, quartz countertops, backsplash, kitchen flooring, appliances, patio door, lighting and window blinds; freshly painted throughout (2023): New gas furnace and central air conditioning (2021): Unit entrance door upgraded (2020): New owned hot water tank. If you're looking for a move-in-ready condo with major updates already completed, underground parking and one of Cornwall's best park and waterfront locations, Unit 304 deserves a closer look.
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Estimated Rental Income
Rental estimate coming soon
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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$2,586/mo
Mortgage (principal + interest)$1,720
Property taxFrom listing: $4,795/yr$400
Condo feesFrom listing$466
Minimum $22,995 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$91,980
Ontario land transfer taxProvincial brackets, no first-time refund$5,673
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$100,453
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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