51 King Street W, Lambton Shores, ON N0N 1J0
- $499,900
- 5
- BD
- 5
- BA
- 3,500
- SqFt
- List Price
- $499,900
- MLS#
- X13798314
- Status
- ACTIVE
- Type
- Multifamily
- SubType
- Multiplex
- Style
- 2-Storey
- Bedrooms
- 5
- Bathrooms
- 5
- Living Area
- 3500-5000
- Province
- ON
- Municipality
- Lambton Shores
- Area
- Lambton
- Neighborhood
- Forest
- Subdivision
- King Street West And Washington
Property Description
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!
Additional Information
- Taxes
- $4,196
- Heat Type
- Radiant
- Heat Source
- Gas
- Air Conditioning
- None
- Kitchens
- 5
- Exterior
- Brick
- Waterfront Type
- None
- Garage Type
- None
- Pool
- None
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Listing courtesy of ROYAL LEPAGE TRILAND REALTY.