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$ 599,900
Est. payment /mo
Active
119 WATER Street S St. Marys, ON N4X1C9
1,986 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 1,986 sqft
Price per Sqft $302
Subdivision 21 - St. Marys
MLS® Listing ID 40683606
Originating Board Cornerstone - Waterloo Region
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 offering a blend of business and residential income streams in a prime location. This tenanted building features 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 of St. Marys, the building benefits from its strategic location, ensuring consistent foot traffic and exposure for the commercial tenant, while being equally convenient for the residential tenants. Both apartments above the commercial space are well-kept, offering comfortable living quarters with a steady rental income. The building has been thoughtfully 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, offering 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. The demand for mixed-use buildings in such 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 unique opportunity to own a well-maintained, versatile commercial and residential property in the heart of St. Marys. (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
Virtual Tour https://youriguide.com/119_water_st_s_st_marys_on/
Listed by Real Broker Ontario Ltd.
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