$243.02 Per Sq Foot $3,757 est/mo Sourced by Back At You

118-120 Queen Street E,St. Marys, ON N4X 1B4

St. Marys ON, N4X 1B4

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Description

Mixed-Use Commercial Space in Historic Downtown Core Attention Investors! Don't miss this incredible opportunity to own a mixed-use commercial space in the heart of the historic downtown core. This property offers a lucrative investment with multiple income streams. Main Floor: Takeout Restaurant with Lease in Place The main floor features a thriving takeout restaurant with a lease still in place for the next 3 years. This provides a stable and consistent rental income for the new owner. Take advantage of an established business and start generating revenue from day one. Upstairs: Two 2-Bedroom Apartments with Month-to-Month Tenancy Upstairs, you'll find two spacious 2-bedroom apartments, each with its own separate hydro and heating. Currently on a month-to-month tenancy, these units offer flexibility for the new owner. Whether you choose to continue with the existing tenancy or explore other rental options, the choice is yours. Additional Income: Coin-Operated Laundry Boost your cash flow with the coin-operated laundry facilities available for the residential units. This additional income stream adds even more value to this already lucrative investment opportunity. Prime Location Situated in the historic downtown core, this property is surrounded by a vibrant community and offers excellent exposure for the takeout restaurant. Take advantage of the foot traffic and capitalize on the bustling atmosphere of this sought-after location. Key Highlights - Mixed-use commercial space - Stable rental income from the takeout restaurant lease (3 years remaining) - Two spacious 2-bedroom apartments with separate hydro and heating - Month-to-month tenancy for the residential units, providing flexibility - Coin-operated laundry for additional income - Prime location in the historic downtown core Don't miss out on this fantastic investment opportunity. Call today to schedule a viewing and secure your future in the thriving downtown core.

Details

MLS#40546460
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site84
Listing Provided ByColdwell Banker Homefield Legacy Realty Brokerage | Julien Polidoro

Features

SQ Feet2,880
BasementY
Story(s)3
ZoningC1
Acreage0.07
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Learn More About This Property

ProvinceON
CountyPerth
CitySt. Marys
Postal CodeN4X 1B4
AreaSt. Marys
Subarea21 St. Marys
Community Name21 St. Marys
Listing VS Median (in 21 St. Marys)
Price:
$699,900
low | high
Med:
$713,450
48.064009144163% of Average
SqFt:
2,880
low | high
Med:
2,099
77.135416666667% of Average
$ / SqFt:
$243
low | high
Med:
$398
13.573009616408% of Average
On Site:
84
low | high
Med:
88.500000
94.915254237288% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 9:07:22 AM PDT