REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,000,000
Est. payment | /mo
2 SqFt
$ 2,000,000
Est. payment | /mo
2 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2
Square Footage 2 sqft
Price per Sqft $1,000,000
Subdivision 717 - Cornwall
MLS® Listing ID X13438442
Lot Size 1.720 Acres
Acres 1.72
Property Description
Rare redevelopment opportunity in the heart of Cornwall. This former school sits on approximately 1.72 acres and offers nearly 20,000 sq. ft. of existing building area with RES-30 medium-to-high density residential zoning already in place. Previously approved for a 17-unit residential conversion, the property presents an exceptional opportunity for investors, developers, and builders seeking to capitalize on the growing demand for housing. Potential permitted uses may include apartments, triplexes, fourplexes, row housing, retirement living, rooming accommodations, and other residential development opportunities, subject to municipal approvals.The site benefits from municipal water and sewer services, natural gas, hydro, ample parking, and a clean environmental record. The substantial existing structure offers significant adaptive reuse potential, while the excess land may provide opportunities for future expansion or additional development, subject to approvals.Opportunities of this scale, with existing zoning, infrastructure, and a proven development concept already established, are becoming increasingly difficult to find. Buyers are encouraged to conduct their own due diligence with the City of Cornwall regarding future development plans and permitted uses. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Radiator, Hot Water, Hot water radiator heat,
Cooling None
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Others
Virtual Tour https://listings.insideoutmedia.ca/videos/019ebc9d-d54d-70ea-8d42-0bb829c5701b
Listed by RE/MAX AFFILIATES MARQUIS LTD.
Find out why customers are choosing LPT Realty to meet their real estate needs
Learn More About LPT Realty