
Cornwall, ON K6H 1B2
Versatile mixed-use property located in Cornwall's historic Le Village district.113-115 Montreal Road offers a well-maintained commercial/residential building with flexible use options and long-term potential in a well-established, walkable area. The main level features approximately 772 sq ft of functional commercial space, including a large open area, private office, and 2-piece bathroom-well suited for professional services, boutique retail, or owner-occupied business use. The upper level includes a spacious 1-bedroom apartment (approx. 620 sq ft) with electric baseboard heating and a dedicated hot water tank. A long-term tenant of approximately four years is currently in place, paying $700/month plus utilities, providing consistent supplementary income. The surrounding area is evolving, with two new apartment complexes currently under construction nearby, which may contribute to additional activity and visibility over time. The property is within close proximity to local shops, services, and amenities and may qualify for city incentive programs through the Heart of the City initiative (buyer to verify). Important note: The building is presently open to the main level of 111 Montreal Road. While being sold separately, the properties may be purchased together (arms-length), or the space can be reconfigured into two independent units by reinstating a dividing wall.
TRREB MLS® Attribution
MLS® X12304474
Listed by RE/MAX AFFILIATES MARQUIS LTD.
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 trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.
Team Filipe · RE/MAX · (647) 210-6070
Est. Monthly Payment
$1,099
/month · $180,000 mortgage
Amortization
Total Interest
$149,611
Total Cost
$329,611
Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.
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RE/MAX AFFILIATES MARQUIS LTD.