**Attention investors, flippers, and handy buyers!** Opportunity knocks at 512 First Street West. With a private fenced yard, ample parking, newer siding, and a functional layout, this property is ready for its next owner to bring it back to life. The main floor features a comfortable living room that opens into a functional eat-in kitchen. At the rear of the home, you'll find a convenient bedroom, bathroom, mudroom, and separate back entrance. Upstairs offers two additional bedrooms and a full 3-piece bathroom. This home requires a new heating system and cosmetic updates throughout, making it an excellent project for those looking to renovate, build equity, or expand their investment portfolio. Bring your ideas and unlock the potential this property has to offer!
3 bedrooms, 2 bathrooms, about 700 sq ft, works out to roughly $279 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 512 First St W
Every detail from the listing, in one place.
Type
Detached
Style
1 1/2 Storey
Living space
700-1100 sq ftas stated on the listing
Parking
4 spaces
Basement
Crawl Space, Unfinished
Features & systems
Parking & garage
Parking spaces
4
Interior
Basement
Crawl Space · Unfinished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
1 1/2 Storey
Property class
Detached
512 First St W 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 →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
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
$958
/mo
based on the purchase price of $195,000
$39,000 cash
$156,000 financed
$131,393 total interest
Principal54%$156,000
Interest46%$131,393
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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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.
Similar homes for sale nearby in Cornwall
Other 2-bed homes for sale in Cornwall around $195K.
Average days on market43Homes sold in about 43 days on average.
Sale-to-list ratio97.0%On average, homes sold below asking.
Active listings230Homes for sale here right now.
Median vs prior 90 days+4.3%Compared with May 8 – Aug 6, 2026: prices up.
Based on 271 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 512 First St W
How much is 512 First St W listed for?
512 First St W is listed at $195,000 (MLS® X13607144). Summitly updates the price as soon as the MLS® record changes.
Is $195,000 a good price for 512 First St W?
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 512 First St W changed?
Yes — it was first listed at $204,900 and is now $195,000, a drop of $9,900 (4.8%).
How many bedrooms and bathrooms does 512 First St W have?
512 First St W has 3 bedrooms and 2 bathrooms, with about 700–1,100 square feet of living space. It is a detached home in Cornwall.
How much would the monthly mortgage be on 512 First St W?
About $958 a month — principal and interest on $195,000 with 20% down ($39,000), 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 512 First St W compare with other homes in Cornwall?
Its asking price of $195,000 is about 53% below the median sold price in Cornwall over the last 90 days, $417,000, across 271 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 512 First St W been sold before?
Summitly has no earlier MLS® sale or lease of 512 First St W on record from the last two years. Older records aren't shown under TRREB rules.
Where is 512 First St W?
512 First St W is in Cornwall, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 512 First St W been on the market?
101 days — 512 First St W was listed on July 26, 2026.
What is the price per square foot of 512 First St W?
About $177 to $279 per square foot: the asking price of $195,000 over the 700–1,100 sq ft the listing gives as its size range.
Does 512 First St W have parking or a garage?
Yes — the listing gives 4 parking spaces.
Does 512 First St W have a basement, and is it finished?
The listing describes the basement as: Crawl Space, Unfinished.
