51 King Street
Lambton Shores, ON
- 5 bed
- 5 bath
- approx. 3500-5000 sqft
- Multiplex
- 3 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!
Listing Details
- Taxes (2026)
- $4,196
- Listed
- September 17, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Age
- 100+
- Construction
- Brick
- Roof
- Flat
- Foundation
- Brick
- Interior
- Separate Hydro Meter, Water Heater Owned
- Lot Size
- 51.34 x 47.1 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 0
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- KING STREET WEST AND WASHINGTON
- Zoning
- C1
- Parcel Number
- 430760097
- Possession
- 1-29 days
- Occupancy
- Tenant
Included
- Inclusions
- (3) FRIDGES, (3) STOVES
- Exclusions
- APPLIANCES IN THE UPPER SOUTHWEST APARTMENT AS TENANTS OWNS THEM
- Rental Items
- NONE
Schools
Elementary
- St John Fisher Catholic School0.4 km
Catholic · St Clair CDSB · 325 students
Grade 3 reading: 91% met the provincial standard · Grade 6 math: 81% met the provincial standard
- Kinnwood Central Public School0.8 km
Public · Lambton Kent DSB · 300 students
Grade 3 reading: 81% met the provincial standard · Grade 6 math: 46% met the provincial standard
Secondary
- North Lambton Secondary School0.8 km
Public · Lambton Kent DSB · 575 students
Grade 10 literacy: 83% 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 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
Residential Freehold 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 residential freehold properties in Lambton Shores over the last 12 months.
Rooms
2-piece, 4-piece, 4-piece, 3-piece, 4-piece
Second
- Bathroom7'11" x 4'9"
- Bathroom6'9" x 5'1"
- Bathroom7'1" x 4'1"
- Bathroom6'1" x 5'
- Bedroom10'1" x 8'2"
- Bedroom10'10" x 8'8"
- Bedroom13' x 10'6"
- Bedroom9'9" x 8'8"
- Kitchen10'11" x 7'11"
- Kitchen12'7" x 13'7"
- Kitchen13' x 8'2"
- Living Room17'10" x 11'9"
- Living Room13'11" x 11'6"
- Living Room15' x 14'2"
- Mud Room9'5" x 8'2"
Main
- Bathroom
- Bathroom8'8" x 4'1"
- Common Room32'4" x 16'10"
- Great Room22'8" x 18'8"
- Kitchen20'7" x 11'6"
- Sitting11'11" x 9'5"
- Utility Room9'9" x 7'3"
- Utility Room10'11" x 10'10"
Listed by
ROYAL LEPAGE TRILAND REALTY
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$99,980
Estimated Monthly Payment
$2,456
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,456/mo (20% down, 5.5%)
Taxes: $350/mo · Insurance: $125/mo
Estimates only. Consult a financial advisor.
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