820 Tollgate Road, 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 $1,800,000 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 189.53 x 128.36 ft lot size
- equipped with no central cooling
Description
This is a 2.4432 ha (+/- 6.03 acre) parcel of Land that is being offered subject to severance which has been granted. Note that the address provided is for access to the MLS system. The actual lot will front on what is expected to become Great Wolf Drive (and not off of Tollgate Rd). Servicing and road construction has started and is scheduled for completion in 2025. The lot will be fully serviced with water, sewer, gas & electricity. Great Wolf Lodge Drive will become the western entrance to the City's newest business park. Zoning for this site is Highway Commercial and will allow for a wide variety of both light industrial/business park and commercial uses including Hotel/Motel with Restaurant etc. The property is being offered subject to severance from the Seller's operations at the North end of the property. Current Assessment & Tax numbers reflect the entire site and the Seller's operations on the property. We expect the municipal address, property assessment, legal description will change as a result of the severance application. Any development is subject to Cornwall's Site Plan Control bylaw and other regulatory requirements.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 820 Tollgate Road E, Cornwall, ON K6H 0C2
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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 $1,800,000 in Cornwall, the legal minimum down payment is $360,000 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 $32,475 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 $32,475.
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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.