31
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$565,000
Est. payment /mo
1,986 SqFt
Active
119 WATER Street S St. Marys, ON N4X1C9
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Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1986
Square Footage 1,986 sqft
Price per Sqft $284
Subdivision 21 - St. Marys
MLS® Listing ID 40810743
Year Built 1900
Property Sub-Type Freehold
Property Description
Discover a fantastic investment opportunity at 119 Water Street South, St. Marys—a well-maintained commercial property featuring a blend of business and residential income streams in a prime location. This tenanted building includes a thriving main-floor business and two one-bedroom apartments above, making it a versatile, turn-key investment with excellent potential for income growth. The property boasts ample parking options, including three garage spaces and surface parking for up to 11 cars, providing convenience for tenants and their patrons. Located in a high-visibility area, the building benefits from its strategic setting, ensuring consistent foot traffic and exposure for the commercial tenant, while remaining equally convenient for the residential tenants. Both apartments above the commercial space are well-kept, providing comfortable living quarters with steady rental income. The building has been carefully maintained, with long-term tenants who take pride in their spaces. Whether you're a seasoned investor or new to the market, this property represents a hassle-free addition to your portfolio, delivering immediate returns and potential for future appreciation. St. Marys is known for its charm, growing community, and vibrant local economy, making it an ideal setting for a property like this. Demand for mixed-use buildings in well-situated areas continues to rise, and the ability to attract quality tenants ensures that this property remains a reliable income generator. With the groundwork already in place and room to increase revenues, this is your chance to acquire a lucrative investment property that's ready to perform from day one. Don't miss this rare opportunity to own a well-maintained, versatile commercial and residential property. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Exterior
Parking Features Yes
View Y/N No
Total Parking Spaces 14
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
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Listed by Real Broker Ontario Ltd.
NEARBY SCHOOL & BUSINESS
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