341 WATER Street, Cornwall, ON

$419,000
MLS#:X9441803
2 beds
2 baths
1000-1199 sqft
1.0 parking
Residential Condo & Other
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Property Highlights

Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of 717 - Cornwall. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $419,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 2 Bedrooms and 2 Bathrooms
  • Generous living space spanning 1000-1199 sqft
  • Features a full, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 1.0 total parking spaces available with a convenient underground configuration
  • Notable attributes: Water Heater Owned, Air Exchanger
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Flooring: Hardwood, Location location location! This well maintained condo is perfect for those who are looking to downsize. The corner unit offers more windows and allows for a breeze to come in from the West. The Balcony is perfectly located for gazing at the beautiful waterfront and different parks across the street. Close proximity to downtown shopping, restaurants and local events like fireworks. Open concept living area with bright kitchen overlooking dining area and living room with gas fireplace. Patio doors in living room lead to sunny deck and great views! Laundry room/storage is conveniently located just off the kitchen. Large primary bedroom with 4 pc. en suite bathroom and walk in closet. Second bedroom ideal for guests or extra living space, with additional 3 pc. bathroom. Outside community BBQ/patio area for entertaining a larger group. Hydro $50/month and gas approx. $500/yr. 1 underground parking space and 1 locker room space included., Flooring: Carpet Wall To Wall

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Property Summary

This condo apartment located at 341 WATER Street, Cornwall is currently for sale and has been available on SousaSells for 772 days. This property is listed at $419,000 with an estimated mortgage of $1,395* per month. It has 2 beds, 2 bathrooms, and is 1000-1199 square feet. 341 WATER Street, Cornwall is in the 717 - Cornwall neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
2
Bathrooms
2
Living Area
1000-1199 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateJuly 28, 2024
Sold price information is available to members only
Listed Date5/31/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionBrick
BasementFull, Unfinished
CountyStormont, Dundas and Glengarry
Annual Tax$4,900
Legal DescriptionUNIT 1, LEVEL 2, STORMONT STANDARD CONDOMINIUM PLAN NO. 10 AND ITS APPURTENANT INTEREST. THE DESCRIPTION OF THE CONDOMINIUM PROPERTY IS: PT LT 27 N/S WATER ST PL CORNWALL PT 1, 52R6783 MORE FULLY DESCRIBED IN SCHEDULE 'A' OF DECLARATION LT 34; CORNWALL

Parking & Garage

Parking Spaces1.0
Garage TypeUnderground

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Public Transit, Park, Park, Other

Interior Features

Water Heater Owned, Air Exchanger

Security Features

Community Features

Location

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341 WATER Street, Cornwall, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 341 WATER Street W 201, Cornwall, ON K6J 1A5

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Cornwall.

Configure Loan Settings

Interest Rate4.00%
Down Payment$125,700 (30.0%)
* Minimum Canadian down payment required for this price is $20,950.
Amortization Period30 Years
Estimated Monthly Payment$1,395Based on a loan of $293,300 over 30 years.
Purchase Price$419,000
Loan Amount$293,300
Provincial Land Transfer Tax:$4,855
Total Estimated Closing Taxes:$4,855

About Purchasing a Home in Cornwall, ON

For a property listed at $419,000 in Cornwall, the legal minimum down payment is $20,950 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $4,855 for this transaction. As this listing is in Cornwall (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $4,855.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Cornwall.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$471,058

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

Central
Public200 Amelia Street, Cornwall, Ontario, K6H 0A5
4.9
Sacred Heart
Public1500 Cumberland Street, Cornwall, Ontario, K6J 5V9
2.4
Notre-Dame
Public420 Fifteenth Street West, Cornwall, Ontario, K6J 3K5
5.3
Bridgewood
Public850 Nick Kaneb Drive, Cornwall, Ontario, K6H 6Z2
4.2
Marie-Tanguay
Public1500 Holy Cross Boulevard, Cornwall, Ontario, K6H 2X1
5.6

Secondary Schools

St Matthew Catholic
CatholicCornwall, Ontario
0.0
Cornwall
Public437 Sydney Street, Cornwall, Ontario, K6H 3H9
3.1
La Citadelle
Public510 McConnell Avenue, Cornwall, Ontario, K6H 4M1
4.3
St. Joseph’s
Catholic1500 Cumberland Street, Cornwall, Ontario, K6J 5V9
6.1
St. Lawrence
Catholic1450 Second Street East, Cornwall, Ontario, K6H 5Z8
2.1

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.