$639,900
St. Marys
$639,900
St. Marys
450 Queen Street East, St. Marys, Ontario, N4X1A5
This retail property in St. Marys is for sale offering roughly 2,438 sq ft of space. It has been on the market 76 days, fresher than the St. Marys average of 100 days.
Own a piece of history in the Stonetown with this distinctive mixed-use stone property, originally built in 1880 and prominently positioned along Queen Street East in St. Marys. The property provides an established income stream from both commercial and residential tenants, with the main-floor commercial space currently leased at $3,000/month gross, inclusive of HST and utilities, and the one-bedroom residential unit above rented for $750/month inclusive of utilities. The residential tenancy is month-to-month, creating potential for future rental upside. The property also benefits from excellent visibility, convenient on-site parking and a recently paved parking area. With its historic stone construction, prominent location and combination of existing income with future potential, this is a unique opportunity to add a recognizable St. Marys property to your investment portfolio. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 76 days on market, against an average age of 100 days across the listings currently for sale in this city
This retail in St. Marys has been listed for 76 days, which is 24 days fresher than the city average of 100. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $639,900, about 7.2× the local median household income of $89,000.
Carrying it typically needs a household income of about $124,995 (20% down, 25-yr amortization, stress-tested) — roughly 40% above the area median.
Source: Statistics Canada, 2021 Census (FSA N4X)
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