118-120 Queen Street E St. Marys, Ontario N4X 1B4
$699,900
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. (id:47351)
Property Details
| MLS® Number | 40546460 |
| Property Type | Office |
| Communication Type | Fiber |
| Community Features | High Traffic Area |
| Features | Crushed Stone Driveway |
| Parking Space Total | 5 |
| Sign Type | Unknown |
Building
| Basement Type | Crawl Space |
| Exterior Finish | Stone, Steel |
| Foundation Type | Stone |
| Stories Total | 3 |
| Size Exterior | 2880.0000 |
| Size Interior | 2880 |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Depth | 150 Ft |
| Size Frontage | 21 Ft |
| Size Irregular | 0.073 |
| Size Total | 0.073 Ac|under 1/2 Acre |
| Size Total Text | 0.073 Ac|under 1/2 Acre |
| Zoning Description | C1 |
Utilities
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/26563334/118-120-queen-street-e-st-marys
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April 10 2024 02:38:02
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