4 - 21 WATER STREET W, Cornwall4 - 21 WATER STREET W, Cornwall — photo 24 - 21 WATER STREET W, Cornwall — photo 34 - 21 WATER STREET W, Cornwall — photo 44 - 21 WATER STREET W, Cornwall — photo 54 - 21 WATER STREET W, Cornwall — photo 64 - 21 WATER STREET W, Cornwall — photo 74 - 21 WATER STREET W, Cornwall — photo 84 - 21 WATER STREET W, Cornwall — photo 94 - 21 WATER STREET W, Cornwall — photo 104 - 21 WATER STREET W, Cornwall — photo 114 - 21 WATER STREET W, Cornwall — photo 124 - 21 WATER STREET W, Cornwall — photo 134 - 21 WATER STREET W, Cornwall — photo 14
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For Sale · Office

4 - 21 WATER STREET W, Cornwall

4 - 21 WATER STREET W, Cornwall, ON K6J1A1

Price on request

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Asset Class

Office

Size

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Building class

C

Zoning

DC1 — Direct Control

$ / SF

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Occupancy

95%

About this property

OWNER OCCUPIED BUILDING Single office located in multi-tenanted Building in Downtown Cornwall across from Municipal Park, bike/walking trails & St Lawrence River. Cameron Real Estate Brokerage occupied part of this lower level space since 2005-2022, until relocating to the main floor of the building when the previous tenant vacated. Tenants Business Use must be approved by the Landlord. If your are looking for a smaller professional office in a quiet downtown location with lots of onsite parking, this office space may be an excellent option for any company looking for this type of remote office location in the Cornwall area. Rent includes property taxes, water/sewer, heat/electricity, snow removal & grass cutting. Tenant pays rent+HST plus their internet & telephone. Ample on-site parking. Available December 1/26 existing . Minimum 1 year lease term with restricted hours of business and rent just $395+ HST plus internet & telephone. Landlord requires 1 business day to deal with any/all offer to lease. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$83K

Annual cash flow

$-511

Cash-on-cash

-0.11%

DSCR

0.99

Going-in cap

5.51%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

145,218

Households

53,519

Median income

$81,500

Median age

40.3

Daytime population

187,603

5-yr growth

0.9%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 4 - 21 WATER STREET W, Cornwall.

NDA required

  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.