119 Water Street S Active Save Request In-Person Tour Request Virtual Tour
St. Marys,ON N4X 1C9
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 $302
MLS Listing ID 40683606
Abv Grd Liv Area 1,986
Originating Board Waterloo Region
Year Built 1900
Annual Tax Amount $6,384
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.
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,Asphalt
Garage Spaces 3.0
Utilities Available Electricity Connected,Natural Gas Connected,Phone Connected
Lot Frontage 70.5
Lot Depth 158.0
Garage No
Building
Lot Description Rectangular,Ample Parking
Faces Queen Street E. to Water Street.
Story 2
Foundation Stone
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 532480060
Ownership Freehold/None