440 Water St E is a commercial in Cornwall, listed for $899,000.
1The main-floor commercial space is a bright, open blank canvas featuring new flooring, a former bar area, coat check, rear washrooms and commercial kitchen space (appliances removed).
2The upper level features two exceptionally spacious, bright residential apartments, providing a solid income component.
3The basement offers several large, clean storage rooms and areas, previously used for equipment rental storage.
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Zara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Commercial Property in Cornwall
About 440 Water Street East
An immaculate and highly versatile commercial property offering an exceptional range of possibilities! Featuring Res40 and SPU zoning (details in documents attached and AI-generated renderings of some in the photos as marked) and already generating $46,080 in gross annual residential income, this property offers an attractive combination of existing revenue and future business potential. Situated on just shy of an acre, the property enjoys excellent visibility at one of the busier intersections in the downtown core, just minutes from the waterfront, shopping, recreational facilities and other amenities. Previous uses have included a restaurant/bar and equipment rental business, but the possibilities are extensive. The zoning and layout could accommodate a variety of uses and development potential including a 7 story apartment building, professional offices, daycare, dance studio, place of worship, institutional use, retail, business hub and much more. The main-floor commercial space is a bright, open blank canvas featuring new flooring, a former bar area, coat check, rear washrooms and commercial kitchen space (appliances removed). The upper level features two exceptionally spacious, bright residential apartments, providing a solid income component. The basement offers several large, clean storage rooms and areas, previously used for equipment rental storage. Additional features include extensive on-site parking, separate entrances from both Marlborough and John Street, a fully fenced and secured property, and a rear storage shed. This property has been very well cared for with extensive updates over the years including a new roof membrane in 2025 ($63k investment) With four separate gas and hydro meters, this is an excellent opportunity for an investor, entrepreneur or business owner looking for a property with flexibility, visibility and multiple income possibilities.
Cornwall commercial priced at $899,000 — book a tour to see if it fits your search.
Inside 440 Water St E
Every detail from the listing, in one place.
Type
Commercial
Features & systems
Lot & land
Lot size (sqft)
0.7
Listing & possession
Property class
Store W Apt/Office
440 Water St E Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14148148$899,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 440 Water St E Compares to the Cornwall Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Average days on market44Homes sold in about 44 days on average.
Sale-to-list ratio97.0%On average, homes sold below asking.
Active listings238Homes for sale here right now.
Median vs prior 90 days+4.3%Compared with May 8 – Aug 6, 2026: prices up.
Based on 273 sales from Aug 6 – Nov 4, 2026 (186 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 440 Water St E
How much is 440 Water St E listed for?
440 Water St E is listed at $899,000 (MLS® X14148148). Summitly updates the price as soon as the MLS® record changes.
Has the price of 440 Water St E changed?
No — 440 Water St E is still listed at its original asking price of $899,000.
How many bedrooms and bathrooms does 440 Water St E have?
The listing for 440 Water St E doesn't publish its bedroom and bathroom count. It is a commercial property in Cornwall.
How does 440 Water St E compare with other homes in Cornwall?
Its asking price of $899,000 is about 116% above the median sold price in Cornwall over the last 90 days, $417,000, across 273 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 440 Water St E been sold before?
Summitly has no earlier MLS® sale or lease of 440 Water St E on record from the last two years. Older records aren't shown under TRREB rules.
Where is 440 Water St E?
440 Water St E is in Cornwall, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 440 Water St E been on the market?
440 Water St E was listed today (November 4, 2026).
What is the land transfer tax on 440 Water St E?
About $14,455 in Ontario land transfer tax at the asking price of $899,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 440 Water St E or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 440 Water St E?
The listing for 440 Water St E doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Cornwall.
When was 440 Water St E built?
The listing for 440 Water St E doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
