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Janice Carter

Janice Carter Team

janice@bhhswest.ca +1(289) 969-1147

Listed by Leslie Monroe • Real Broker Ontario Ltd.

$ 599,900

Est. payment -/mo

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Active

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

1,986 SqFt

UPDATED:

12/18/2024 07:53 PM

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

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Janice Carter

+1(289) 969-1147

Janice Carter

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

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119 Water Street S