$1,699,900
Lincoln
5204 King Street, Lincoln (Beamsville), Ontario, L0R1B2
This retail property in Lincoln is for sale offering roughly 4,445 sq ft of space. It has been on the market 45 days, fresher than the Lincoln average of 55 days.
An exceptional turnkey investment opportunity in the heart of Niagara's renowned wine country. This extensively renovated mixed-use property offers multiple income streams & outstanding upside potential for an owner/operator or investor with lots of visibility from steady-thru traffic. The current owner has extensively renovated the building, creating a boutique atmosphere that reflects the character and charm of this evolving destination. With the major improvements complete, the next owner can build on this strong foundation and take the opportunity to the next level. The property includes a well-established long-term restaurant tenant on a month-to-month basis, a recently renovated one-bedroom detached home, and three second-floor residential units, including two one-bedroom apartments and a spacious two-bedroom apartment. The two one-bedroom units are connected and can function as a two-bedroom unit while maintaining separate living spaces. Two residential units currently operate as successful short-term rentals, while the owner occupies the two-bedroom unit. A new owner may continue the short-term rental model, expand operations, or convert the residential units to long-term rentals. Situated on a prominent corner lot surrounded by thriving businesses, the property features ample paved parking and access from two streets. Residents enjoy views of the Toronto skyline on clear days and are minutes from six wineries and destinations including The Watering Can & Bench. Beamsville is an up-and-coming lifestyle and tourism destination, rich with wineries, restaurants and local experiences. It offers an accessible alternative to higher-priced destinations such as Niagara-on-the-Lake and Niagara Falls, while remaining a short drive from both, as well as the outlet mall and other Niagara attractions. With convenient access from Toronto, this versatile income-producing property is well positioned to benefit from continued growth, increased demand and future appreciation. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 45 days on market, against an average age of 55 days across the listings currently for sale in this city
This retail in Lincoln (Beamsville) has been listed for 45 days, which is 10 days fresher than the city average of 55. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,699,900, about 15.5× the local median household income of $110,000.
Carrying it typically needs a household income of about $332,050 (20% down, 25-yr amortization, stress-tested) — roughly 202% above the area median.
Source: Statistics Canada, 2021 Census (FSA L0R)
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