51 King Street
Lambton Shores, ON
- 4,129 sqft
- Commercial Retail
- 2 days on market
Prime multi-use investment opportunity at 51 King St W, right in the heart of vibrant downtown Forest! Ideal for a seasoned real estate investors or ambitious business owners seeking a live/work setup with substantial rental subsidization. This prime property features 3 ground-floor commercial units with high-visibility window display frontage directly across from the Post Office, surrounded by local dining, shopping, and essential services. Below, a full basement with over 6' ceiling height provides convenient lower-level access for updates, utilities, and maintenance. Upstairs, the property offers 4 clean, move-in ready residential apartments, including 3 one-bed/one-bath units and 1 spacious one-bed plus den/one-bath unit. All units feature their own in-suite electrical panel for total convenience. Whether you're looking to generate multi-stream cash flow or occupy a retail space while letting residential and commercial tenants cover your mortgage, this versatile asset offers strong upside potential in a thriving small-town hub!
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Listing Details
- Taxes (2026)
- $4,196
- Listed
- September 17, 2026
Price History
Listing history
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Property
- Age
- 100+
- Lot Size
- 50.75 x 47.1 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- KING WEST AND WASHINGTON
- Zoning
- C1
- Parcel Number
- 430760097
- Possession
- 1-29 days
- Occupancy
- Tenant
Included
- Inclusions
- (3) Fridges, (3) Stoves
- Exclusions
- Appliances in Southeast Unit are owned by tenant
- Rental Items
- NONE
Community
Postal area N0N
- Population
- 42,297
- Private dwellings
- 18,752
- Median age
- 45.2
- Average household size
- 2.5
- Median household income
- $96,000
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 Lambton Shores · last 12 months
- Median sold price
- $615,000
- Homes sold
- 199
- Median days on market
- 38
- Sale-to-list price
- 95.1%
Based on 199 recorded sales of commercial properties in Lambton Shores over the last 12 months.
Listed by
ROYAL LEPAGE TRILAND REALTY
Walk Score
Walk
Bike
Scores by Walk Score®
Location
Street View
Commercial figures
- Building area
- 4,129 sq ft
- Price per sq ft
- $121.07
- Annual property tax
- $4,196
- Tax per sq ft
- $1.02
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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