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119 WATER Street

119 WATER Street

St. Marys, Ontario

1,986 sqft • Other

$565,000

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.

Price History

Schools

Secondary

  • St Marys D.C. & V. I. High School0.7 km

    Public · Avon Maitland DSB · 430 students

    Grade 10 literacy: 97% met the provincial standard

Elementary

  • St Marys D.C. & V.I. - Elementary0.7 km

    Public · Avon Maitland DSB · 125 students

  • Holy Name of Mary School0.9 km

    Catholic · Huron Perth CDSB · 205 students

    Grade 3 reading: 54% met the provincial standard · Grade 6 math: 46% met the provincial standard

  • Little Falls Public School1.1 km

    Public · Avon Maitland DSB · 450 students

    Grade 3 reading: 80% met the provincial standard · Grade 6 math: 74% met the provincial standard

Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.

Community

Postal area N4X

Population
9,946
Private dwellings
4,195
Median age
47.6
Average household size
2.4
Median household income
$89,000

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Other in St. Marys · last 12 months

Median sold price
$569,000
Homes sold
111
Median days on market
45
Sale-to-list price
96.6%

Based on 111 recorded sales of other properties in St. Marys over the last 12 months.

Walk Score

71

Walk

50

Bike

Scores by Walk Score®

Location

Mortgage Calculator

$113,000

Estimated Monthly Payment

$2,776

Investment Analysis

No recent nearby lease data. Enter a rent to see the numbers.

Mortgage: $2,776/mo (20% down, 5.5%)

Taxes: $0/mo · Insurance: $141/mo

Estimates only. Consult a financial advisor.

R

Reita | Assistant

Online

Reita said:

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