119 Water Street
St. Marys, ON
- 1,986 sqft
- Office
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.
Listing Details
- Taxes (2025)
- $6,175
- Listed
- March 11, 2026
Price History
Property
- Lot Size
- 70.5 x 158 Feet
Parking
- Garage
- Double Detached
Utilities
- Sewer
- None
Location & Legal
- Cross Street
- Park Street
- Zoning
- C1
- Parcel Number
- 532480060
- Possession
- Flexible
- Occupancy
- Tenant
Commercial
- Business Type
- Other
- Office / Apartment Area
- 1062 Sq Ft
Included
- Inclusions
- 2 FRIDGES, 2 STOVES, HOT WATER HEATER OWNED, LAWNMOWER.
- Exclusions
- ALL TENANT BELONGINGS
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
Commercial in St. Marys · last 12 months
- Median sold price
- $541,000
- Homes sold
- 106
- Median days on market
- 46
- Sale-to-list price
- 96.3%
Based on 106 recorded sales of commercial properties in St. Marys over the last 12 months.
Listed by
REAL BROKER ONTARIO LTD.
Walk Score
Walk
Bike
Scores by Walk Score®
Location
Street View
Commercial figures
- Building area
- 1,986 sq ft
- Price per sq ft
- $284.49
- Annual property tax
- $6,175
- Tax per sq ft
- $3.11
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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