703 Cotton Mill Street 307, Cornwall

$589,990
703 Cotton Mill Street 307

$589,990

New
18d
Condo ApartmentApartment

703 Cotton Mill Street 307, Cornwall

Total Monthly Obligation $3,711

Beds
2
Baths
3
Park
1
Sqft
1400-1599
DOM
18d
Score
14
Yield
1.0%
Cash on Cash
-28.0%
Cap Rate
-1.4%
5Y IRR
-5.6%
10Y IRR
-1.1%
Property Type-Condo Apartment
MLS® Number-X13864822
Beds-2
Bathrooms-3
Size-1400-1599 sqft
Listed on site-Oct 5, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$6,533 (2025)
Maintenance-$587/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX AFFILIATES MARQUIS LTD.
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Exterior-Brick
Possession-Negotiable
Neighbourhood-717 - Cornwall
Title-Residential Condo & Other

No agent assigned

Welcome to Unit 307 at Cornwall's iconic Edison Building at 703 Cotton Mill Street, where historic character meets exceptional waterfront living. Set along the St. Lawrence River, this impressive 1,435 sq. ft. condominium offers two bedrooms, three bathrooms, generous living spaces and beautiful river views in a secure building within one of Cornwall's most distinctive communities. The showpiece is the expansive east-facing balcony (10x25) overlooking the St. Lawrence River. Wake to spectacular sunrises, enjoy your morning coffee by the water, entertain friends outdoors, or simply relax and watch the river change with the seasons. Inside, oversized windows fill the home with natural light and showcase the waterfront setting. The spacious kitchen offers plenty of room for cooking, gathering and entertaining, while the inviting living area is anchored by a natural gas fireplace-perfect for cozy evenings at home. Two well-appointed bedrooms and three bathrooms provide an exceptional level of space, comfort and privacy. Indoor parking and a private storage locker are included, adding everyday convenience, security and peace of mind to this easy, low-maintenance lifestyle. Step outside and enjoy everything the growing Cotton Mill community has to offer. Waterfront walking and cycling trails and the marina are nearby, while an expanding collection of on-site amenities includes yoga and wellness services, dental care, physiotherapy, chiropractic and massage therapy, financial and professional services, plus a new coffee shop coming soon. With approximately 1,435 sq. ft. of living space, three bathrooms, a natural gas fireplace, indoor parking and an outstanding private balcony (10x25) overlooking the St. Lawrence River, Unit 307 is far from ordinary condo living. It's an opportunity to enjoy space, character, security, convenience and spectacular waterfront views in one of Cornwall's most unique residential settings.

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$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$471,992
Land Transfer Taxes$8,275
Legal Fees (Est.)
$
Total cash required for closing$127,773

Total Monthly Obligation

$3,711/mo
Mortgage $2,380
Monthly Loss $3,085
Principal$626
Interest$1,754
Property Tax$544
Condo Fees$587
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
-1.8%2
Cash-on-Cash
-30.9%0
5-Year IRR
-7.7%0
10-Year IRR
-2.2%
Returns Index
0.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$5,928/yr
NOI
-$10,642/yr
Net Cash Flow
-$3,267/mo
Cash Margin
-661.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
-0.370
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo44
Risk Index
20.7/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 703 Cotton Mill Street 307

Time

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