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$1,149,000
St. Marys
196-198 Queen Street East, St. Marys, Ontario, N4X1B1
This multi-family property in St. Marys is for sale offering roughly 2,927 sq ft of space.
Located in a prime high-visibility location in the heart of downtown St. Marys, this fully tenanted 7,000+ sq. ft. mixed-use commercial building offers a strong investment opportunity with multiple income streams already in place. With excellent exposure and a central downtown presence, the property is well positioned for long-term growth and stability. The main level features a spacious commercial unit complete with separate utilities, two bathrooms, and a lunchroom/office area. The upper level includes four two-bedroom, one-bathroom apartments, with two recently renovated, adding to the property's overall appeal. At the rear lower level, a large heated garage with bathroom facilities, generating additional commercial income. Common areas have been recently updated and well maintained, showcasing pride of ownership throughout. A turnkey investment opportunity offering strong visibility, a fully occupied tenant mix, and dependable income in a thriving downtown community. Financial information available upon request. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 167 days on market, against an average age of 101 days across the listings currently for sale in this city
This multi-family in St. Marys is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $1,149,000, about 12.9× the local median household income of $89,000.
Carrying it typically needs a household income of about $224,440 (20% down, 25-yr amortization, stress-tested) — roughly 152% above the area median.
Source: Statistics Canada, 2021 Census (FSA N4X)
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Loading rates, 30-yr amortization
Cash Needed to Close
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