51 KING STREET W, Lambton Shores, Ontario N0N 1J0
$499,900.00
- 5 bedrooms
- 5 bathrooms
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, ... read more
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! (id:25417)
- Listing ID: X13798314
- Property Type: Multi-family
| Property | |
|---|---|
| Lot Size: | 51.3 by 47.1 FT |
| Parking: | No Garage |
| Building | |
|---|---|
| Type: | Multi-family Other |
| Appliances: | Refrigerator, Stove and Water Heater |
| HVAC: | Fireplace and Radiant Heat Natural Gas |
| Exterior: | Brick |
| Basement: | Full (Unfinished) |
| Utilities: | Sanitary Sewer |
| Location | |
|---|---|
| Municipality: | Lambton Shores |
| Province: | Ontario |
| Nearby Amenities: | Beach, Golf Nearby and Park |
| Rooms | Level | Dimensions |
|---|---|---|
| Bedroom | Second level | 3.08 m x 2.5 m |
| Bathroom | Second level | 2.07 m x 1.55 m |
| Kitchen | Second level | 3.84 m x 4.15 m |
| Mud room | Second level | 2.87 m x 2.5 m |
| Bathroom | Second level | 2.41 m x 1.46 m |
| Living room | Second level | 4.57 m x 4.33 m |
| Kitchen | Second level | 3.32 m x 2.41 m |
| Bedroom | Second level | 3.96 m x 3.2 m |
| Bathroom | Second level | 2.16 m x 1.25 m |
| Living room | Second level | 4.24 m x 3.51 m |
| Kitchen | Second level | 3.96 m x 2.5 m |
| Bedroom | Second level | 2.96 m x 2.65 m |
| Bathroom | Second level | 1.86 m x 1.52 m |
| Living room | Second level | 5.43 m x 3.57 m |
| Bedroom | Second level | 3.29 m x 2.65 m |
| Sitting room | Main level | 3.63 m x 2.87 m |
| Kitchen | Main level | 6.28 m x 3.51 m |
| Bathroom | Main level | 0.49 m x 1 m |
| Utility room | Main level | 3.32 m x 3.29 m |
| Great room | Main level | 6.92 m x 5.7 m |
| Utility room | Main level | 2.96 m x 2.2 m |
| Bathroom | Main level | 2.65 m x 1.25 m |
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