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117 First Street

717 - Cornwall / Cornwall, ON K6H 1K8

ActiveFor Sale
7 Beds
4 Baths
3,500 Sq Ft
Multi-Family
Virtual Tour Available

About This Property

EXCEPTIONAL INVESTMENT OPPORTUNITY - POTENTIAL FOURPLEX CONVERSION IN DOWNTOWN CORNWALL! Discover the outstanding investment potential of this beautifully renovated, character-filled property located at 117 First Street East, in the heart of downtown Cornwall. Featuring approximately 3,860 sq. ft. of above-grade space across three levels, this versatile building offers an excellent opportunity for investors seeking to establish a four-unit multifamily residential income property. Previously configured into four separate units, the building features multiple kitchens, bathrooms, spacious living areas, and flexible floor plans, offering significant potential for conversion into four self-contained residential apartments. The property's Central Business District (CBD) zoning permits a wide range of residential and commercial uses, including quadruplex dwellings and apartment buildings, subject to applicable municipal requirements and approvals. Situated on a generous approximately 55 ft. 150 ft. lot with ample on-site parking, the property combines a timeless stone façade with attractive interior renovations and a highly desirable downtown location. Conveniently located near shopping, restaurants, schools, professional services, public transit, and Cornwall's scenic waterfront. Whether you are an experienced investor looking to expand your rental portfolio or a buyer seeking a value-add redevelopment opportunity, this property offers exceptional flexibility and long-term income potential. A rare opportunity to transform a distinctive downtown property into a multifamily residential investment!

Property Details

StatusActive
Property TypeMulti-Family
Listing TypeFor Sale
Interior Size3,500 sq ft
Bedrooms7
Bathrooms4
Taxes (2025)$17,591
Postal CodeK6H 1K8
Last UpdatedOct 28, 2026 · 2:41 p.m.

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Features & Amenities

  • Air Conditioning
  • Basement

Buying or selling in Cornwall?

Filipe & Isabel Ferreira and the Team Filipe (RE/MAX Ultimate Realty Inc., Brokerage) represent buyers and sellers here. Local guides and live listings below.

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TRREB MLS® Attribution

MLS® X14106156

Listed by ROYAL LEPAGE PERFORMANCE REALTY

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.

$799,500

asking price

MLS®X14106156
TypeMulti-Family
CityCornwall
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Team Filipe · RE/MAX · (647) 210-6070

Mortgage Estimate

Est. Monthly Payment

$3,904

/month · $639,600 mortgage

Down Payment20% — $159,900
Interest Rate5.5%

Amortization

Total Interest

$531,619

Total Cost

$1,171,219

Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.

Full Mortgage Calculator →

Listed By

ROYAL LEPAGE PERFORMANCE REALTY