













1/15LOT 11 CON 2 TYOTOWN ROAD ROAD, Cornwall, ON K6H5R5
$949,900 total
—
Asset Class
Industrial
Size
—
Building class
A
Zoning
IB — Industrial Business
$ / SF
—
Occupancy
93%
Lot Size
17.78 ac
Clear height
27 ft
Loading docks
3
Major development opportunity in the sought-after Cornwall area of developer-friendly South Glengarry Township. Approx. 17.8 acres zoned Highway Commercial (CH), just 0.5 mile from the Walmart/Michelin Distribution Centre in Cornwall's Industrial Park and minutes from Hwy 401, Exit 796. Surrounded by major logistics operators, including Walmart, Charger Logistics, BVD Group and IFS Logistics. VERSATILE CH ZONING: Permitted uses include private transit depot, place of worship or assembly, outdoor recreation, entertainment, motor vehicle establishment, mini-warehouse/storage, motel, garden centre/greenhouse and contractor's yard, among others. VALUE-ADD POTENTIAL: Two preliminary estate-residential subdivision concepts prepared by EFI Engineering (Project #25-7999), subject to municipal approvals: OPTION 1: 25 half-acre estate lots plus a front commercial block (approx. 0.49 acre) on Tyotown Rd. Proposed lots have approx. 93'11" frontages and 233'3" depths. Includes an internal 20 m right-of-way with cul-de-sac, two potential stormwater management pond locations and open space. OPTION 2: 17 three-quarter-acre estate lots plus a front commercial block (approx. 0.49 acre) on Tyotown Rd. Proposed lots have approx. 140'1" frontages and 233'7" depths. Includes an internal 20 m right-of-way with cul-de-sac, two potential stormwater pond locations and open space. Both concepts retain highway commercial frontage on Tyotown Rd for commercial use or potential future income. Phase 1 completed and available with a conditionally accepted offer. (id:66811)
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Monthly debt service
$4K
Projected NOI
$53K
Annual cash flow
$729
Cash-on-cash
0.26%
DSCR
1.01
Going-in cap
5.62%
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.
Trade area within 3 miles of the property.
Population
77,483
Households
31,353
Median income
$100,000
Median age
43.4
Daytime population
105,793
5-yr growth
4.3%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for LOT 11 CON 2 TYOTOWN ROAD ROAD, Cornwall.
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.