Added 1 week ago
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Type: Office
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Property Type: Commercial
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Business Type: Other
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Zoning: C1
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Age: 100+ years
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Taxes: 6384.12
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MLS®#: X11888050
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Added: Dec 10, 2024 (1 week ago)
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Updated:
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Last Checked: 2 hours ago
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Listed By: REAL BROKER ONTARIO LTD.
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.
Property
Status: Sale
Type: Other
Property Type: Office
Property Type: Office
Age: 100+
Area: St. Marys
Community: 21 - St. Marys
Availability Date: Flexible
Assessment Amount: $267,000
Assessment Year: 2024
Inside
Air Conditioning: Y
Utilities
Utilities: Available
Building
Basement: N
Heat Type: Elec Forced Air
Elevator: None
Freestanding: Y
Water Supply: Municipal
Parking
Garage Type: Double Detached
Covered Parking Spaces: 11
Fees
Tax Year: 2024
Taxes: $6,384
Taxes Type: Annual
Land
Cross Street: Queen Street E. to W
Municipality District: St. Marys
Parcel Number: 532480060
Lot Depth: 158 Feet
Lot Frontage: 70.5 Feet
Zoning: C1
Additional Media
- Virtual Tour: https://youriguide.com/119_water_st_s_st_marys_on/
Commercial Specific
Sprinklers: N
Total Area: 3972
Total Area Metric: Sq Ft
Office Size: 1062
Office Size Metric: Sq Ft
Lot Code: Building
St. Marys DCVI - Elementary
Elementary: PublicSouth Perth Centennial Public School
Elementary: PublicHoly Name of Mary School
Elementary: CatholicDownie Central Public School
Elementary: PublicWest Nissouri Public School
Elementary: PublicLittle Falls Public School Public School
Elementary: PublicMitchell District High School
Secondary: PublicSt Marys District Collegiate and Vocational Institute
Secondary: PublicMother Teresa Catholic Secondary School
Secondary: CatholicStratford Central Secondary School
Secondary: PublicSt Michael Catholic Secondary School
Secondary: CatholicStratford Northwestern Secondary School
Secondary: Public