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108 Second Street E 102, Cornwall, ON K6H 3H1

Commercial Retail
$388,500

Bring your business to the heart of downtown Cornwall. Unit #2 at 108 Second Street East offers approximately 1,141 sq. ft. of main-floor commercial space in Knox City Centre, a modern mixed-use condominium building prominently located at the corner of Second Street East and Sydney Street. The unit is currently vacant, offering an end user the opportunity to occupy and customize the space to suit their business needs. The unit includes a two-piece washroom, shared commercial parking and access to additional visitor parking. Knox City Centre features four commercial units on the main floor, with 36 residential condominium units above, and is ideally situated in Cornwall's downtown core, close to shopping, restaurants, professional services, Lamoureux Park, and the waterfront.CBD zoning allows for a wide range of commercial uses, including office, financial institution, medical, retail, restaurant, pharmacy and personal service uses, among others. Buyers are to verify with the City of Cornwall and the condominium corporation that their intended use and any required alterations are permitted. A versatile downtown commercial condo with immediate availability, excellent accessibility and flexible zoning, ideal for a professional office, medical or wellness practice, retail concept, service-based business or other approved commercial use.

MLS number
X13770280
Type
Commercial Retail
Status
Active
Bedrooms
Bathrooms
Postal code
K6H 3H1
Photos
5
Property tax
$8,700 / year
2days · this listing
2days · this property

This property has not been relisted in the last two years, so both counts are the same. Where they differ, the second adds up earlier listings at this address that ended without a sale.

Listing history

No previous listings found for this address.

Where this home is

Where this address sits, matched against open government data.

Matched to this street. The listing did not say which direction, and every candidate was in the same place.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Central Public School
Upper Canada DSB
Elementary310 m4.2 / 10
42% met the standard
Cornwall Intermediate School
Upper Canada DSB
Elementary534 mNot reported
Cornwall Collegiate and Vocational School
Upper Canada DSB
Secondary554 m4.6 / 10
46% met the standard · 2 of 6 measures
Bishop Macdonell Separate School
CDSB of Eastern Ontario
Elementary570 m3.8 / 10
38% met the standard
St Matthew Catholic Secondary School
CDSB of Eastern Ontario
Secondary1.5 km1.8 / 10
18% met the standard · 1 of 6 measures
St. Matthew Catholic Elementary School
CDSB of Eastern Ontario
Elementary1.5 kmNot reported
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 623 people.

$28,800Median household income
18.5%Own their home
9.1%Detached houses
65Median age
10.7%Born outside Canada
10.1%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35010247 — the few blocks around this address, home to 623 people. It describes the area, not this property.

623Population
57.6Average age
1.4Household size
$43,400Average household income
$28,800Median household income
19%Own their home
82%Rent
9%Condominiums
11%Born outside Canada
10%University degree
$268,000Average home value
42%Low income
24%Never married
$10,000 to $14,9993%
$15,000 to $19,9994%
$20,000 to $24,99927%
$25,000 to $29,99913%
$30,000 to $34,9994%
$35,000 to $39,9998%
$40,000 to $44,9996%
$45,000 to $49,9993%
$50,000 to $59,9997%
$60,000 to $69,9996%
$70,000 to $79,9993%
$80,000 to $89,9992%
$90,000 to $99,9992%
$100,000 and over6%
$100,000 to $124,9993%
$125,000 to $149,9991%

Percentages are of the 445 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$77,700 · minimum here is $19,425
$1,720.19per month
Borrowed before insurance$310,800
Total borrowed$310,800
Interest over 25 years at 4.5%$205,258

If you rented it out

Monthly rent starts from a rule of thumb — two per cent of the asking price a year — because no comparable lease was found nearby. Change it to anything you like.

-$1,797.19per month out of pocket
Rent$648.00
Everything it costs to hold$2,445.19
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by RE/MAX AFFILIATES MARQUIS LTD.. Listing data provided by the Toronto Regional Real Estate Board.