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Commercial listings / Mixed-use / For sale

109 Pitt Street, Cornwall, ON K6J 3P5

$759,900

109 Pitt Street, Cornwall, ON K6J 3P5, photo 1109 Pitt Street, Cornwall, ON K6J 3P5, photo 2109 Pitt Street, Cornwall, ON K6J 3P5, photo 3109 Pitt Street, Cornwall, ON K6J 3P5, photo 4109 Pitt Street, Cornwall, ON K6J 3P5, photo 5109 Pitt Street, Cornwall, ON K6J 3P5, photo 6
Property type
Mixed-use (Store W Apt/Office)
Transaction
For sale
Location
Cornwall, Stormont, Dundas and Glengarry
Building area
4,600 Square Feet
MLS® number
X13844844

Description

Welcome to 109 Pitt Street - a prime investment opportunity in the heart of Downtown Cornwall. Perfectly situated between First and Second Street, this impressive mixed-use building boasts outstanding curb appeal and approximately 4,300 square feet of versatile space.The property features a modern commercial unit with an established tenant, providing immediate, stable income. Above, you'll find two separate residential units - one currently occupied by an excellent tenant, and the other vacant, offering the flexibility to set your own rent and select your ideal tenant.Whether you're looking to expand your portfolio or secure a high-visibility downtown asset, 109 Pitt Street delivers strong income potential in a sought-after location. Gross income (with one residential unit vacant) is 60,444. NOI(with one residential unit vacant) is 42,320. Fully occupied this property could have the opportunity of generating close to 80,844 gross and NOI projected at 62,720 at an estimated 1,700$/mth for the vacant unit. Minimum 24 hour notice is required for all showings. All offers are to contain a 48 hour irrevocable clause.

Listing brokerage: RE/MAX AFFILIATES MARQUIS LTD.

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