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For Sale

402 Pitt Street

717 - Cornwall, Cornwall, ON
$399,900
4Bd
2Ba
2,250+sqft
6Parking
41 x 70 ftlot
$178/sqft
DetachedMLS# X13038066Listed 2026-04-239 DOM
Heating
Water Heater Owned

About this home

Attention Investors!! This versatile 4-bedroom, 2-bathroom property offers a rare opportunity in the heart of the city, perfectly suited for savvy investors seeking to renovate and take advantage of strong income potential. Zoned with Commercial Business District (CBD), the property allows for a wide range of uses, making it ideal for mixed-use development (Please refer City Zoning for uses).The main floor is well-positioned for various business ventures, benefiting from excellent visibility and accessibility, while the upper level provides comfortable residential space-perfect for owner-occupancy, rental income, or live-work flexibility.In addition to the generous interior layout, the property features a large parking area, a valuable asset for both commercial and residential use. The included vacant land further enhances the investment appeal, offering potential for expansion, additional development, or outdoor commercial use (Please refer City Zoning for uses).Located in a prime central area with steady foot traffic and close proximity to key amenities, this property combines convenience, flexibility, and long-term growth potential. Whether you're looking to establish a business, generate rental income, or develop a mixed-use space, this is an opportunity not to be missed. Heating System - 2019, Shingles - 2021.

Features

  • Water Heater Owned
  • Crawl Space
  • None
  • 2-Storey

Financials

Annual Taxes
$1

Estimated Rental Income

Entire property$4,000 – $6,500/mo
Rental yield12.0% – 19.5%

*Estimates based on comparable rentals in the area. Actual income may vary.

Market Data — Cornwall

Days on market9 days
Buyer's MarketSeller's Market

Based on active listings in Cornwall. Data updates daily.

Our estimate for this home

Priced 72.0% below estimate
Estimated range
$1.32M$1.54M
Mid-point $1.43M · ~$635/sqft
How this listing compares
$1.32MList · $400K$1.54M
High confidence·Based on 9973 gta-wide comparables

Estimated range is generated automatically from active comparables and is for informational purposes only. Not an appraisal — contact Aman for a full comparative market analysis that factors in condition, renovations, and positioning.

MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.

$399,900
402 Pitt Street, Cornwall
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