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119 Water Street S, St. Marys, ON N4X 1C9

St. Marys, ON, N4X 1C9 · St. Marys

Sq Ft
3 Parking
Office Type
X12872080 MLS#

About this property

Discover a fantastic investment opportunity at 119 Water Street South, St. Marys-a well-maintained commercial property featuring a blend of business and residential income streams in a prime location. This tenanted building includes 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, the building benefits from its strategic setting, ensuring consistent foot traffic and exposure for the commercial tenant, while remaining equally convenient for the residential tenants. Both apartments above the commercial space are well-kept, providing comfortable living quarters with steady rental income. The building has been carefully 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, delivering 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. Demand for mixed-use buildings in 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 rare opportunity to own a well-maintained, versatile commercial and residential property.

Features & Amenities

  • Garage: Double Detached
  • Cooling: Yes
  • Heat Type: Electric Forced Air
  • Sewer: None

Property Details

Property Type Commercial
Property Sub-Type Office
Lot Size 10,624 Feet
Garage Double Detached
Parking Spaces 3
Heat Type Electric Forced Air
Cooling Yes
Sewer None
Annual Tax $6,175
Tax Year 2025

Building & Construction

Building Area Total
1986

Heating & Cooling

Heat Type
Electric Forced Air
Cooling
Yes

Parking & Garage

Garage Type
Double Detached
Parking Spaces
3

Lot & Land

Lot Size Area
10623.97
Lot Size Units
Feet
Lot Depth
158.00
Lot Width
70.50

Financial & Tax

Tax Annual Amount
$6,175
Tax Year
2025
Tax Assessed Value
$267,000
Possession Type
Flexible
Possession Details
Flexible

Utilities & Services

Sewer
None
Utilities
Available

Additional Details

Occupant Type
Tenant
County Or Parish
Perth
Cross Street
Park Street
Directions
Queen Street E. to Water Street.
Showing Requirements
Lockbox, Showing System

Location

119 Water Street S, St. Marys, ON N4X 1C9, St. Marys, ON, N4X 1C9

Listing courtesy of REAL BROKER ONTARIO LTD.
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