786 SEVENTH Street, Cornwall, ON
Property Highlights
Welcome to this remarkable land 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 $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.
- 0 Bedrooms and 0 Bathrooms
- Premium 246 x 243 ft lot size
Description
This is a prime location, ideal for hotel, motel, restaurant, possibly a strip mall. The property is for sale only as a development site with the Seller as general contractor who will build and lease back to a tenant or complete a full build out under contract and on completion convey the developed property to the Buyer. The property is located adjacent to the Benson Centre, a multiplex sports facility with 3 rinks, an indoor soccer pitch & more. There is approximately 1.35 acres of land roughly square in shape, It is close to Brookdale Ave with direct access to Hwy 401 and the Bridge to the USA. There is no street number assigned, and the realty tax value was taken from Assessment and 2024 Tax rates. Buyers are cautioned to verify these numbers values as they are only intended as a guide.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 786 SEVENTH Street W, Cornwall, ON K6H 0A3
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 $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.