450 Queen Street East, St. Marys, Ontario N4X1A5

Property Description

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:5764)