Welcome to this remarkable Other other located in the coveted neighborhood of 717 - Cornwall. Expertly crafted featuring premium metal/steel siding construction, this residence presents an exceptional opportunity offered at $595,000 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.
The subject property is a 3.84 ha site at 405 Tollgate Rd. just West of McConnell Ave at the Hwy 401 interchange. Zoning is Res 20. The proposal as prepared calls for the construction of 4 x 20 unit residential apartments buildings each with underground parking and the redevelopment of an existing building to be converted to house an additional 12 residential row house units. The proposal calls for the site to be fully serviced. Included with the offering are the concept plans, together with a preliminary site plan development proposal prepared by EVB Engineering and Grant Marion Construction that includes, topographic mapping, preliminary site servicing requirements, run off and storm water storage requirements, An earlier Class D site servicing cost and a list of municipal planning requirements is available. Currently there is a large storage building on site that is shown as being retrofitted for residential purposes. This light warehouse/office building is currently used for storage and office use. It is complete with washrooms and is heated and partially air-conditioned. There is a smaller frame building that is attached to the warehouse on site.
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Wooded/Treed
Storage
No historical data available for this property.
This could be the first listing for this address.
Data-driven valuation for 405 Tollgate Road E, Cornwall, ON K6H 5R6
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Cornwall.
About Purchasing a Home in Cornwall, ON
For a property listed at $595,000 in Cornwall, the legal minimum down payment is $34,500 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 $8,375 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 $8,375.
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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.