The subject property is a 3.84 ha site at 405 Tollgate Rd. just West of McConnell Ave at the Hwy 401 interchange. Zoning is Res 20. The proposal as prepared calls for the construction of 4 x 20 unit residential apartments buildings each with underground parking and the redevelopment of an existing building to be converted to house an additional 12 residential row house units. The proposal calls for the site to be fully serviced. Included with the offering are the concept plans, together with a preliminary site plan development proposal prepared by EVB Engineering and Grant Marion Construction that includes, topographic mapping, preliminary site servicing requirements, run off and storm water storage requirements, An earlier Class D site servicing cost and a list of municipal planning requirements is available. Currently there is a large storage building on site that is shown as being retrofitted for residential purposes. This light warehouse/office building is currently used for storage and office use. It is complete with washrooms and is heated and partially air-conditioned. There is a smaller frame building that is attached to the warehouse on site.
works out to roughly $119 per square foot. Chat with Zara if you'd like a deeper read on whether this home fits your budget and timing.
Inside 405 Tollgate Rd E
Every detail from the listing, in one place.
Style
Other
Living space
5000 + sq ftas stated on the listing
Parking
20 spacesYes garage
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
20
Interior
Basement
None
Lot & land
Lot size (sqft)
9.36
Listing & possession
Property style
Other
Property class
Other
405 Tollgate Rd E Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
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Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,923
/mo
based on the purchase price of $595,000
$119,000 cash
$476,000 financed
$400,917 total interest
Principal54%$476,000
Interest46%$400,917
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Keep looking near 405 Tollgate Rd E
Homes for sale in Cornwall
Every active Cornwall MLS® listing, updated all day.
Average days on market43Homes sold in about 43 days on average.
Sale-to-list ratio97.0%On average, homes sold below asking.
Active listings227Homes for sale here right now.
Median vs prior 90 days+4.2%Compared with Apr 26 – Jul 25, 2026: prices up.
Based on 279 sales from Jul 25 – Oct 23, 2026 (182 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 405 Tollgate Rd E
How much is 405 Tollgate Rd E listed for?
405 Tollgate Rd E is listed at $595,000 (MLS® X12206633). Summitly updates the price as soon as the MLS® record changes.
Is $595,000 a good price for 405 Tollgate Rd E?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Cornwall. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 405 Tollgate Rd E changed?
Yes — it was first listed at $1,500,000 and is now $595,000, a drop of $905,000 (60.3%).
How many bedrooms and bathrooms does 405 Tollgate Rd E have?
405 Tollgate Rd E has 2 bathrooms, with about 5,000 square feet of living space. It is a home in Cornwall.
How much would the monthly mortgage be on 405 Tollgate Rd E?
About $2,923 a month — principal and interest on $595,000 with 20% down ($119,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 405 Tollgate Rd E compare with other homes in Cornwall?
Its asking price of $595,000 is about 43% above the median sold price in Cornwall over the last 90 days, $416,000, across 279 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 405 Tollgate Rd E been sold before?
Summitly has no earlier MLS® sale or lease of 405 Tollgate Rd E on record from the last two years. Older records aren't shown under TRREB rules.
Where is 405 Tollgate Rd E?
405 Tollgate Rd E is in Cornwall, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 405 Tollgate Rd E been on the market?
501 days — 405 Tollgate Rd E was listed on June 9, 2025.
What is the price per square foot of 405 Tollgate Rd E?
About $119 per square foot: the asking price of $595,000 over the 5,000 sq ft the listing gives.
Does 405 Tollgate Rd E have parking or a garage?
Yes — the listing gives 20 parking spaces. Garage: Yes.
Does 405 Tollgate Rd E have a basement, and is it finished?
The listing says 405 Tollgate Rd E has no basement.
