60 Pitt Street Cornwall, Ontario K6J 3P2

$955,000

Unique development site in the beating heart of Downtown Cornwall on it's main artery. Parcel is located on the Southwest corner of Pitt and First St. W., in the center of all the action. It's a block up from the river and Lamoureaux Park, kitty-corner from the Cornwall Square Mall and fronts on the avenue that entertains our premiere dining and shopping district. Lot is ideally suited for a residential apartment. Urban infill and affordable housing are locally and provincially supported. Notably, this land is entitled to MAJOR DEVELOPMENT PROPERTY TAX REBATES and other grant incentives. Eligible for 80% tax rebate for 10 years OR 90% tax rebate for 20 years on towers containing 30 residential doors or more. A tall strata style concept would likely have park and St. Lawrence River waterviews. Access/egress from both Pitt and First St., measuring 92x177. Additional nearby land available to purchase for parking. 24hr irrevocable. Vendor can hold financing at his discretion. Call today! (id:47723)

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https://www.realtor.ca/real-estate/24628763/60-pitt-street-cornwall-downtown