119 Water Street S,St. Marys, ON N4X 1C9
St. Marys, ON N4X 1C9
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.
Details
| MLS # | X12872080 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 247 |
| Listing Provided By | REAL BROKER ONTARIO LTD. | X12872080 384011 |
Features
| SQ Feet | 1,986 |
|---|---|
| Acreage | 0.05 |
Interior
| Cooling | Yes |
|---|
Exterior
| Security Features | No |
|---|
Utilities
| Utilities | Available |
|---|---|
| Sewer | None |
Taxes
| Tax Annual Amount | 6175 |
|---|---|
| Tax Assessed Value | 267000 |
| Tax Type | Annual |
| Tax Legal Description | LOT L EAST SIDE WATER ST PLAN 235 ST MARYS; PT LOT B EAST SIDE WATER ST PLAN 235 ST MARYS AS IN R350656 ; ST MARYS |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| County | Perth |
| City | St. Marys |
| Postal Code | N4X 1C9 |
| Area | St. Marys |
| Listing VS Median (in N4X 1C9) | |
Price: $565,000 low | high Med: $2,057,500 sqft: 1,986 low | high Med: 2,135,433 $ / sqft: $284 low | high Med: $143 On site: 247 low | high Med: 153.5 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Perth |
| City | St. Marys |
| Postal Code | N4X 1C9 |
| Area | St. Marys |
| Listing VS Median (in N4X 1C9) | |
Price: $565,000 low | high Med: $2,057,500 sqft: 1,986 low | high Med: 2,135,433 $ / sqft: $284 low | high Med: $143 On site: 247 low | high Med: 153.5 | |
