100 Queen Street E, St. Marys, ON N4X 1A6

St. Marys N4X 1A6 Ontario

MLS: X12699368

$1,249,999

Added 8 hours ago | For Sale

Listed by: Sutton Group - First Choice Realty Ltd.

About Property

Exceptional investment opportunity in the heart of downtown St. Marys. This mixed-use property features a main-level national chain tenant secured under a long-term lease, providing stable and reliable income.The upper level offers a fully renovated 2-bedroom residential unit currently operating as a successful owner-managed short-term rental, with flexibility for continued short-term use, conversion to a long-term rental, or personal occupancy.Additional value-add potential exists with unfinished space ready for development into a one-bedroom residential suite, allowing for increased future income.Positioned on a prominent corner lot in a high-traffic, high-growth area, this property benefits from excellent visibility and strong foot traffic. St. Marys is a sought-after destination with year-round tourism, supporting consistent rental demand.Approximate 4.5 cap rate with upside potential through further development. Please do not go direct. Contact your REALTOR for more information.

Features

  • House Style:Investment
  • Bathrooms:3
  • Land Size: 42.18 X 56
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:
  • Cross Street:Water
  • Basement: ,
  • Possession Date:
  • Annual Property taxes: $5757.56
  • Bedrooms:
  • Total Parking Spaces:0
  • Parking Places:0
  • Heating Type:Gas Forced Air Open
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12699368

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