Home · Buy · Cornwall · 228 Second Street W, Cornwall, ON K6H 1G7
For Sale · Multiplex
228 Second Street W, Cornwall, ON K6H 1G7
Cornwall · 717 - Cornwall
3-StoreyPartial Basement basementSouth exposure
0
Beds
0
Baths
10
Parking
3500-5000
Sq ft
100+ yrs
Built
The honest picture
List price
$600,000
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Benchmark from the monthly TRREB Home Price Index. Estimate for guidance only — not an appraisal.
About this home
The subject property is a 6 unit mixed commercial and residential rental building located at 228 Second St. West, Cornwall, Ontatio. In all there are 2 commercial units and two 2 bedroom units and Two 1 bedrom units. Net Income to the Landlord of 2025 is approximately $50,331.00 based on current tenancies. There is a 400 amp electrical service, tenant pay separately metered electricty. Heating is supplied by gas fired hot water system. There is a coin operated laundry facility. The building is a three story well maintained century building with lots of parking in a centrally located part of the City. Zoning is SPU 20 which allows a mix of commercial and residential uses.
Property details
Listed on
June 23, 2026
Days on market
31 days
Property tax
$5,969.26 (2025)
Lot
106.94 × 111.39 Feet
Style
3-Storey
Heating
Baseboard
MLS®
X13478592
Full details
Parking
GarageNone
Total parking10
Property & sold history
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What you actually need in cash — land transfer tax, closing costs, and your down payment.
Purchase price
$
Down payment · 5.8%
$
Down:or type any amount above
This price requires at least 5.8% down (5% on the first $500K, 10% above).
Legal fees
$
Title insurance
$
Home inspection
$
Ontario land transfer tax$8,475
Legal · title · inspection$2,800
Closing costs$11,275
Down payment$35,000
Total cash to close$46,275
Estimates only, not legal or tax advice. Ontario LTT rates 2025; City of Toronto MLTT applies inside Toronto (incl. Scarborough, North York, Etobicoke, York, East York). Durham and Markham buyers pay no municipal LTT.
