REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Doug Folsetter

doug@folsetter.com +1(905) 515-5494

Listed by Leslie Monroe • Real Broker Ontario Ltd.

$565,000

Est. payment - /mo

1,986 SqFt

Save Virtual Tour

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed,Building and Land

Listing Status Active

Purchase Type For Sale

Square Footage 1,986 sqft

Price per Sqft $284

MLS Listing ID 40810743

Abv Grd Liv Area 1,986

Year Built 1900

Annual Tax Amount $6,384

Property Sub-Type Mixed,Building and Land

Source Cornerstone

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.

Location

Province ON

County Perth

Area St. Marys

Zoning C1

Direction Queen Street E. to Water Street.

Rooms

Basement Full

Kitchen 0

Interior

Fireplace No

Exterior

Exterior Feature Storage

Parking Features Detached Garage

Garage Spaces 3.0

Utilities Available Electricity Connected, Garbage/Sanitary Collection, Natural Gas Connected, Recycling Pickup, Street Lights

Lot Frontage 70.5

Lot Depth 158.0

Garage No

Building

Lot Description Rectangular, Ample Parking, City Lot, Hospital, Schools

Faces Queen Street E. to Water Street.

Story 2

Foundation Poured Concrete

Sewer Sewer (Municipal)

Water Municipal

Structure Type Brick

New Construction No

Others

Senior Community No

Tax ID 532480060

Ownership Freehold/None

Virtual Tour https://youriguide.com/119_water_st_s_st_marys_on/

Read Less Info

Nearby Locations

GET MORE INFORMATION

Doug Folsetter

+1(905) 515-5494

Sales Representative | License ID: 4729737

Sales Representative License ID: 4729737

119 Water Street S St. Marys, ON N4X 1C9

Doug Folsetter

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

GET MORE INFORMATION

Go tour this home

119 Water Street S