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Home ON St. Marys
119 WATER Street S
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119 WATER Street S $599,900
$599,900
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119 WATER Street S
St. Marys, Ontario N4X1C9

MLS® Number: 40683606

Listing 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. (68409733)

Location Description

Queen Street E. to Water Street.

Property Summary

Property Type
Office
Storeys
2
Subdivision Name
21 - St. Marys
Title
Freehold
Land Size
under 1/2 acre
Built in
1900
Annual Property Taxes
$6,384.12
Parking Type
Detached Garage
Time on REALTOR.ca
10 days

Building

Interior Features
Basement Type
Full
Building Features
Features
Paved driveway
Foundation Type
Stone
Utilities
Utility Type
Electricity (Available), Natural Gas (Available), Telephone (Available)
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Business
Sign Type
Unknown
Parking
Parking Type
Detached Garage
Total Parking Spaces
14

Measurements

Square Footage
1986 sqft
Exterior Building Size
1986 sqft

Land

Lot Features
Frontage
70 ft
Land Depth
158 ft
Other Property Information
Access
Road access
Zoning Description
C1
Data provided by: Cornerstone - Waterloo Region 540 Riverbend Drive, Kitchener, Ontario N2K 3S2
LESLIE MONROE