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272 Pitt Street
717 - Cornwall Cornwall K6J 3P6

$1,549,000 /For Sale
Commercial

Main Photo: 272 Pitt Street in Cornwall: 717 - Cornwall Commercial for sale : MLS®# X12794896
Photo 1: 272 Pitt Street in Cornwall: 717 - Cornwall Commercial for sale : MLS®# X12794896
Photo 2: 272 Pitt Street in Cornwall: 717 - Cornwall Commercial for sale : MLS®# X12794896
Photo 3: 272 Pitt Street in Cornwall: 717 - Cornwall Commercial for sale : MLS®# X12794896
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Photo 43: 272 Pitt Street in Cornwall: 717 - Cornwall Commercial for sale : MLS®# X12794896
Photo 44: 272 Pitt Street in Cornwall: 717 - Cornwall Commercial for sale : MLS®# X12794896
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Photo 46: 272 Pitt Street in Cornwall: 717 - Cornwall Commercial for sale : MLS®# X12794896
Status:
Active
Prop. Type:
Commercial
MLS® Num:
X12794896
Bus Major:
Apts - 6 To 12 Units
CASH FLOW KING: 6-UNIT CORNERSTONE ASSET. Secure a turnkey investment at 272 Pitt St, a prime mixed-use corner asset generating a proven Net Operating Income of $104,040. This fully renovated portfolio features 4 residential apartments and 2 stable commercial anchors, all benefiting from over $450,000 in recent capital improvements. Major upgrades ensure zero deferred maintenance for the next owner, including upgraded breaker panels (separately metered), new PEX plumbing throughout, brand new hot water tanks, and a 100% electric heating system that eliminates landlord gas bills. Interiors impress with new vinyl plank flooring, modern LED lighting, and completely rebuilt kitchens and baths featuring stainless steel appliances and quartz countertops. With a solid 6.7% Cap Rate and VTB financing available for qualified buyers subject to discussions, this is a rare opportunity to buy a paycheck, not a project. Clean financials available-book your private tour today.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
2874 sq. ft. Square Feet
Total Area:
2,874 sq. ft.
Lot Depth:
177'
Lot Frontage:
26'2½"
Water supply:
Municipal
Zoning:
CBD
Heating type:
Baseboard
Garage:
None
Possession Details:
Flexible
HST Applicable To Sale Price:
Included In
Assessment Year:
2025
Type Taxes:
Annual
Taxes:
$10,901 / 2025
Assessment:
$- / 2025
Stormont, Dundas and Glengarry
Cornwall
717 - Cornwall
n/a
4 fridges and stoves, 2 washer and dryers
1 fridge in the 3 bedroom unit and all tenant belongings
Utilities:
Yes
Air Conditioning:
No
Seller Property Info Statement:
No
Financial Statements:
Yes
Gross income:
$130,440
Net Income Before Debt:
$104,040
Expenses Actual/Estimated:
Actual
Insurance Expenses:
$7,212
Management Expenses:
$2,034
Tax Expenses:
$10,901
Operating Expenses:
$25,200
Water Expenses:
$2,641
Year Expenses:
2025
Maintenace Expenses:
$2,412
Major Business Type:
Apts - 6 To 12 Units
Category:
Apartment
Date Listed:
Feb 17, 2026
Original Price:
$1,549,000
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Listed by Valery Real Estate Inc.
Data was last updated February 21, 2026 at 06:15 AM (UTC)
DARYL  KING
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Why Invest in Apartment Buildings for Sale?

Owning an apartment building for sale provides unique advantages:

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FAQs – Apartment Buildings for Sale

1. Are apartment buildings a good investment?
Yes, apartment buildings provide steady rental income, potential tax benefits, and property value appreciation over time.

2. What should I consider before buying an apartment building?
Evaluate location, tenant demand, building condition, rental income, and management costs.

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Yes, many financing options are available for new investors, including CMHC-backed loans and commercial mortgages.

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Typically, any property with five or more units is classified as an apartment building for investment purposes.

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You can find listings across major cities and growing suburbs where rental demand remains strong.