650 Cumberland Street, Cornwall, ON
Property Highlights
Welcome to this remarkable industrial located in the coveted neighborhood of 717 - Cornwall. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $1,490,000 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.
- 0 Bedrooms and 0 Bathrooms
- Premium 127.15 x 297 ft lot size
- equipped with partial central cooling and highly efficient none heating
Description
18,315 + sq ft downtown warehouse/light industrial/wholesale outlet location with +/- 15,770 sq ft of plant space incl. 1,387 sq ft unheated storage and 2,315 sq ft of office area. The building has new roofing. Varied Ceiling heights but 12.5 ft average 3 dock doors and one drive in door. The building is partially airconditioned, 2 bathrooms . Roofing in the warehouse area was recently replaced. Building works best for a single tenancy. Close to Walmart, ideal location close to Brookdale Ave. the 401 and Bridge to the USA. Basic Rent is $7.50 per sq ft per annum fully net to the Landlord, CAM est = Property tax 14,243, Water rates 1,573, Snow removal 4,000,Ins 3,498, R&M & Admin- +/- 7,000. 2025 CAM est $1.70/sq ft + Utilities Gas $6,789, Elec 6,000. last year
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 650 Cumberland Street, Cornwall, ON K6J 4J5
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Cornwall, ON
For a property listed at $1,490,000 in Cornwall, the legal minimum down payment is $298,000 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 $26,275 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 $26,275.
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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.