119 Water Street S, St. Marys, ON

$599,900

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About 119 Water Street S

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.

Features of 119 Water Street S

MLS® # 40683606
Price $599,900
Bathrooms 0.00
Acres 0.00
Year Built 1900
Type Commercial Sale
Sub-Type Mixed,Building and Land
Status Active

Community Information

Address 119 Water Street S
Area St. Marys
Subdivision 21 - St. Marys
City St. Marys
County Perth
Province ON
Postal Code N4X 1C9

Amenities

Utilities Electricity Connected, Natural Gas Connected, Phone Connected
Parking Spaces 11
Parking Detached Garage, Asphalt
# of Garages 3.00
Is Waterfront No

Interior

Fireplace No
Has Basement Yes
Basement Full

Exterior

Exterior Features Storage
Lot Description Rectangular, Ample Parking
Construction Brick
Foundation Stone

Additional Information

Date Last Updated April 30th, 2025
Zoning C1

Listing Details

OfficeReal Broker Ontario Ltd.

Listing Map

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