$1,500,000
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214 Second Street, Cornwall, ON K6J1G7

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15 Beds
8 Baths
- Sq Ft

Welcome to The Strathcona, a landmark multi-residential investment opportunity with substantial upside located in the vibrant downtown core of Cornwall. This impressive 8-unit, all-brick apartment building blends historic charm with dependable income and ample upside potential, making it an attractive addition to any investment portfolio. The property features a desirable unit mix of seven spacious 2-bedroom apartments and one 1-bedroom unit, catering to a broad tenant base. Six of the apartments offer private balconies, providing valuable outdoor living space that helps attract and retain quality tenants. Residents enjoy an exceptional location within walking distance of downtown amenities, including shopping, restaurants, public transit, parks, and Cornwall's scenic waterfront. Each unit is equipped with a refrigerator and stove, while a private rear parking area provides added convenience for tenants-an increasingly sought-after feature in the downtown market. Constructed with durable brick exterior walls and heated by a hot water boiler system with in-unit radiators, the property offers reliable performance and classic character. The boiler system was replaced in September 2015, contributing to the building's ongoing maintenance profile. With its strong curb appeal, excellent central location, established rental demand, and upside potential on rental income, The Strathcona presents a rare opportunity to acquire a solid apartment building in one of Eastern Ontario's most desirable markets. Current Income/Expenses: Gross income of $137, 862.84, Expenses of $37, 661.03, Net Operating Income of $100, 201.81 (Current Cap Rate of 6.7%). Potential Income/Expenses (at market rents): Gross Income of $176, 400, Expenses of $37, 661.03, Net Operating Income of $138, 738.97 (Potential Cap Rate of 9.25%). Assumption based on $1800/unit rent for 2 Bedroom, $1450/unit rent for 1 Bedroom. Please provide 48h notice for all showing requests. (id:58753)

Listing By: GARRET MUNRO - RE/MAX AFFILIATES MARQUIS LTD. cncrea2 Realty.com
  • MLS® X13447636
  • Date Listed06/15/2026
  • Days on Realty 29 Days
  • Bedrooms 15
  • Bathrooms 8 baths
  • Lot Size -
  • Sewer Other
  • Property Type Other
  • Water Public

Interior Features

  • Appliances Refrigerator, Stove, Water Heater
  • Cooling None
  • Heating Radiant heat, Natural gas

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features -

Directions

Cross Streets: York St. ** Directions: From Pitt St head west on Second St, head past York St, property on left.

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for K6J1G7

Discover key demographics, population statistics, and environmental insights for the Cornwall, ON area.

Walkability in ON / K6J1G7

Source: Walk Score

90/100

Walker's Paradise

Walk Score ®

0/100

Minimal Transit

Transit Score ®

76/100

Very Bikeable

Bike Score ®

Overview

Daily errands do not require a car. It is possible to get on a bus. Biking is convenient for most trips.

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 26/100, Transit Score: 0/100, Bike Score: 41/100.

Points of Interest near 214 SECOND STREET, Cornwall, ON K6J1G7

Frequently Asked Questions for 214 SECOND STREET

Source: Realty.com

214 SECOND STREET, Cornwall, ON K6J1G7 in Cornwall, ON K6J1G7 is a other listed at $1,500,000. Highlights include 15 bedrooms, 8 bathrooms. Realty.ca has 36 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 36 photos of 214 SECOND STREET.

The full address for this home is 214 SECOND STREET, Cornwall, ON K6J1G7.

214 SECOND STREET has been listed on Realty.com since Mon June 15, 2026

Daily errands do not require a car. It is possible to get on a bus. Biking is convenient for most trips.

The average walkability score in the surrounding area is Walk Score: 26/100, Transit Score: 0/100, Bike Score: 41/100.

Listing provided courtesy of: RE/MAX AFFILIATES MARQUIS LTD.
Listing agent: GARRET MUNRO

This content last refreshed on 2026-07-14 16:20:09. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.