This expansive 0.7-acre property offers exceptional versatility, featuring a large commercial building with multiple income-generating opportunities. The upper level includes two residential units with a combined footprint of just under 3,300 sq. ft., providing spacious living or rental options. The main level hosts a sizeable bar/commercial area that offers endless potential for redevelopment or a wide range of business uses. The building is equipped with SPU zoning and includes four gas meters and four hydro meters, supporting multiple tenants or mixed-use operations. The lower level adds even more flexibility, offering both a residential unit and additional commercial space totaling approximately 3,000 sq. ft. Outside, the property features a substantial fenced lot with secure barbed-wire perimeter and convenient rear access to John Street. This portion of the land is zoned to accommodate a seven-story apartment building, presenting a significant development opportunity. Overall, this property is ideal for investors, developers, or business owners seeking a high-potential mixed-use site with ample space and future growth possibilities. Roof 2025 ($63,000 membrane). All info must be verified by any and all interested parties. Property Being Sold As-Is Where-Is.
Address
440 Water Street E
List Price
$1,200,000
MLS® Status
New
Expiration Date
2026-09-13
Property Type
Commercial
Type of Dwelling
Store W Apt/Office
Transaction Type
Sale
Area
Cornwall
Sub-Area
717 - Cornwall
Region
Stormont, Dundas and Glengarry
Lot Depth
117.35
Lot Type
Building
Lot Size Units
Feet
Lot Width
40.54
Total Building Area
30000
Occupant Type
Owner+Tenant
Cross Street
At the intersection of Water Street E and Marlborough Street
MLS® Number
X12883374
Listing Brokerage
EXP REALTY
Basement
Yes
Postal Code
K6H 1A6
Posession Details
TBD
Tax Amount
$10,133.61
Tax Year
2025
Standard Status
Active
Board Or Association
Ottawa Real Estate Board
Heat Type
Gas Forced Air Open
Cooling Features
Yes
Garage Type
None
Security Features
No
Login To View 8 Additional Details On 440 Water Street E
Get instant access to more information with a free account.
Already have an account? Login