119 Water St S

For Sale 87 Days
$565,000
beds
baths
1,986 Sqft

119 Water St S

For Sale 87 Days
$565,000
beds
baths
1,986 Sqft

Highlights

Key insights

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:63267)

LESLIE MONROE of Real Broker Ontario Ltd.,
#40739448
updated 2 weeks ago.
Houseful checked MLS® for data 2 weeks ago.

Home overview

Amenities / Utilities
  • Sewer/ septic
    Municipal sewage system
Exterior
  • # total stories
    2
  • # parking spaces
    14
  • Has garage (y/n)
    Yes
Location
  • Subdivision
    21 - st. marys
  • Directions
    1600677
Overview
  • Lot size (acres)
    0.0
  • Building size
    1986
  • Listing #
    40739448
  • Property sub type
    Other
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28443554/119-water-street-s-st-marys
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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