Business For Sale · Retail

210 PITT STREET, Cornwall

210 PITT STREET, Cornwall, ON K6J3P6

$3.2M total

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Asset Class

Retail

Size

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Building class

A

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

83%

Lot Size

0.616 ac

About this property

VTB Options AVAILABLE!!!! High Cap rates!!! An exceptional opportunity to acquire a mixed-use income-producing property in the heart of Cornwall. 210 Pitt Street offers an attractive combination of commercial and residential space, providing multiple income streams and the stability of long-term tenants. Positioned along Pitt Street, one of Cornwall's established commercial corridors, the property benefits from excellent exposure, convenient access to local amenities, and proximity to the city's downtown core. A compelling investment opportunity featuring: Commercial space at street level with residential apartments above. Established long-term tenants providing consistent rental income. An attractive high-cap-rate investment opportunity. Multiple income streams from both commercial and residential tenancies. A desirable location within Cornwall's established business district. An opportunity for investors seeking dependable cash flow and long-term potential. Whether you're an experienced investor looking to expand your portfolio or seeking a solid income-producing asset, 210 Pitt Street represents an opportunity to acquire a diversified real estate investment with established income and excellent potential. Strong income. Long-term tenants. Multiple revenue streams. One exceptional investment opportunity. (id:66811)

Financial sandbox

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Estimate
Purchase price$3.20M
Down payment30% · $960K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$15K

Projected NOI

$146K

Annual cash flow

$-31K

Cash-on-cash

-3.24%

DSCR

0.82

Going-in cap

4.57%

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

115,974

Households

41,490

Median income

$96,000

Median age

31.1

Daytime population

195,010

5-yr growth

7.6%

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

Secure deal room

Confidential diligence documents for 210 PITT STREET, 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.