$599,900
Available - For Sale
Listing ID: X11888050
119 Water St South , St. Marys, N4X 1C9, Ontario
| Discover a fantastic investment opportunity at 119 Water Street South, St. Marysa well-maintained commercial property offering a blend ofbusiness and residential income streams in a prime location. This tenanted building features a thriving main-floor business and two one-bedroomapartments above, making it a versatile, turn-key investment with excellent potential for income growth. The property boasts ample parkingoptions, including three garage spaces and surface parking for up to 11 cars, providing convenience for tenants and their patrons. Located in ahigh-visibility area of St. Marys, the building benefits from its strategic location, ensuring consistent foot traffic and exposure for the commercialtenant, while being equally convenient for the residential tenants. Both apartments above the commercial space are well-kept, offeringcomfortable living quarters with a steady rental income. The building has been thoughtfully maintained, with long-term tenants who take pride intheir spaces. Whether you're a seasoned investor or new to the market, this property represents a hassle-free addition to your portfolio, offeringimmediate 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 theability to attract quality tenants ensures that this property remains a reliable income generator. With the groundwork already in place and roomto increase revenues, this is your chance to acquire a lucrative investment property thats ready to perform from day one. Don't miss this uniqueopportunity to own a well-maintained, versatile commercial and residential property in the heart of St. Marys. |
| Price | $599,900 |
| Taxes: | $6384.12 |
| Tax Type: | Annual |
| Assessment: | $267000 |
| Assessment Year: | 2024 |
| Occupancy by: | Tenant |
| Address: | 119 Water St South , St. Marys, N4X 1C9, Ontario |
| Postal Code: | N4X 1C9 |
| Province/State: | Ontario |
| Lot Size: | 70.50 x 158.00 (Feet) |
| Directions/Cross Streets: | Queen Street E. to Water Street |
| Category: | Office |
| Use: | Other |
| Building Percentage: | Y |
| Total Area: | 3972.00 |
| Total Area Code: | Sq Ft |
| Office/Appartment Area: | 1062 |
| Office/Appartment Area Code: | Sq Ft |
| Approximatly Age: | 100+ |
| Sprinklers: | N |
| Heat Type: | Elec Forced Air |
| Central Air Conditioning: | Y |
| Elevator Lift: | None |
| Water: | Municipal |
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At a Glance:
| Type: | Com - Office |
| Area: | Perth |
| Municipality: | St. Marys |
| Neighbourhood: | 21 - St. Marys |
| Lot Size: | 70.50 x 158.00(Feet) |
| Approximate Age: | 100+ |
| Tax: | $6,384.12 |
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