Was listed for:Expired 16 days ago
$600,000

228 Second Street W

Cornwall, ON K6H 1G7

Multiplex ExpiredNot available

Property not available for sale or for rent.

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Sale & Price History for 228 Second Street W, Cornwall, Cornwall

2026-06-23
2026-09-30
Expired
Price
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MLS#
x13478592

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 228 Second Street W, Cornwall, Cornwall

Summarized Description

  • Mixed-use building with commercial and residential units.
  • Projected net income of $24,000 for 2025.
  • 400 amp electrical service for efficiency.
  • Centrally located with ample parking available.
  • Well maintained century building with character.
  • Gas heating system for cost-effective warmth.
  • Two 2-bedroom and two 1-bedroom rental units.
  • Coin-operated laundry facility on-site.

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.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$5,969
Land Transfer Tax Fee
$8,475

Basement Type
Partial Basement

Interior Features

Interior Extras
None
Fireplace/Stove
No
Elevator
No

Exterior Features

Pool
None

Building

Building Type
Multiplex
Building Style
3-Storey
Approx Age
100+

Construction

Exterior Finish
Brick, Vinyl Siding
Roof
Asphalt Shingle, Tar and Gravel
Foundation Details
Stone
Special Designation
Unknown

Lot

Lot Front
106.94 ft
Lot Depth
111.39 ft
Lot Size
11808
Lot Shape
Rectangular

Parking & Garages

Garage Type
None
Garage Spaces
0
Parking Spaces
10
Total Garage And Parking Spaces
10

Heating & Cooling

Heat Source
Electric
Heat Type
Baseboard
Air Conditioning
None
Water
Municipal
Sewers
Sewer
Natural Gas
Yes
Hydro
Yes
Cable
Available
Telephone
Yes

Washrooms

  • —-piece

Municipality
Cornwall
Neighbourhood
Cornwall
Main cross streets
Bedford
Zoning
SPU20
Directions
SE corner Second St at bedford St.
Waterfront
None

MLS® number
X13478592
Data source
Toronto Regional Real Estate Board
Status change
2026-09-30
Listed on
2026-06-23
Days on market
99 days
Possession date
2026-06-03
Possession type
Immediate
Co-op commission
2.0
Seller
Listed by
RE/MAX AFFILIATES MARQUIS LTD.

Home Market Value

Current home valuation for 228 Second Street W, Cornwall, Cornwall, Cornwall, ON. Listed for $600,000

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Estimated Sales Range

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HOMEH Estimate for 228 Second Street W, Cornwall, Cornwall

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

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Cornwall, ON
Minimum Down Payment Required:5.8%

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Minimum down payment

$35,000

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
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+CMHC insurance
$22,584$16,740$14,280$0
=Total mortgage
$587,184$556,740$524,280$480,000
Amortization
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%
%
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Payment frequency
=Mortgage payment
$2,867monthly$2,718monthly$2,560monthly$2,344monthly
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Land Transfer Tax

Provincial

$8,475

Total Land Transfer Tax

$8,475

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