103 - 108 SECOND STREET E, Cornwall

$359,900

For sale: Other

Other at 103 - 108 SECOND STREET E, Cornwall
Property type
Commercial Retail
MLS®
MLS® X13770278
Neighbourhood
717 - Cornwall

Investment opportunity in the heart of downtown Cornwall. Unit #103 at 108 Second Street East offers approximately 1,413 sq. ft. of main-floor commercial space in Knox City Centre, a modern mixed-use condominium building prominently located at the corner of Second Street East and Sydney Street. The unit fronts directly onto Sydney Street and is currently leased to an established financial consulting firm, with a valid lease in place until December 31, 2030, providing an investor with immediate rental income. The space includes 2 commercial parking spaces, and access to additional visitor parking. Knox City Centre features four commercial units on the main floor, with 36 residential condominium units above, and is ideally situated close to shopping, restaurants, professional services, Lamoureux Park, and Cornwall's waterfront. Central Business District (CBD) zoning allows for a wide range of commercial uses, including office, financial institution, medical, retail, restaurant, pharmacy and personal service uses, among others. Buyers are to verify with the City of Cornwall and the condominium corporation that their intended use and any required alterations are permitted. A well-located, income-producing commercial condominium with an established tenancy and versatile downtown zoning. Lease and financial details are available to qualified buyers upon execution of a confidentiality agreement.

Sold data

Homes in Cornwall — recent sold market

Homes in Cornwall took a median of 34 days to sell over the last 90 days, with the quickest quarter selling within 16 days and the slowest quarter taking more than 62, across 180 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 43 days.

The median sale price was $424,900.

Homes sold for about 2.3% below asking on average, so there was room to negotiate.

About 13% of sales closed above the list price.

Around 30% of sellers reduced their price before finding a buyer.

Median days to sell
34
Median sale price
$424,900
Sale-to-list ratio
97.7%
Sold above asking
13%

Based on 180 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Cornwall

Cornwall has 18 Fraser Institute–rated schools (11 elementary and 7 secondary), averaging 4.4/10.

Rated schools
18
Elementary
11
Secondary
7
Average rating
4.4 / 10

Top-rated schools in Cornwall

  • St Anne's — elementaryFraser rating 6.9/10
  • Rose des Vents — elementaryFraser rating 6.7/10
  • St. Joseph's — secondaryFraser rating 6.1/10
  • Marie-Tanguay — elementaryFraser rating 5.6/10
  • Notre-Dame — elementaryFraser rating 5.3/10
  • St Peter's — elementaryFraser rating 5.3/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 103 - 108 SECOND STREET E