51 King Street W, Lambton Shores, Ontario N0N 1J0

Listed for:

$499,900

5 beds

5 baths

Listed 13 days ago

Other for rent: 51 King Street W, Lambton Shores, Ontario N0N 1J0

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About

Cross Streets: KING STREET WEST AND WASHINGTON. ** Directions: TAKE HIGHWAY 21 FROM 402 TO KING STREET IN FOREST THEN LEFT AND SUBJECT IS ON THE LEFT HAND SIDE. 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:27476)

Property Highlights

MLS® Number

X13798314

Type

Multi-family

Community Name

Forest

Land Size

51.3 x 47.1 FT

Building

Building Type

Other

Storeys

2.00

Square Footage

3500 - 5000 sqft

Bathrooms Total

Bedrooms Above Ground

Bedrooms Total

Amenities

Separate Electricity Meters Beach, Golf Nearby, Park

Exterior Finish

Brick

Fireplace Present

Basement Type

Full (Unfinished)

Basement Features

Building Heating Type

Radiant heat

Heating Fuel

Natural gas

Building Cooling Type

None

Utilities

Water

Municipal water

Utility Sewer

Sanitary sewer

Room Layout

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

Location

Learn more about this property

Listing provided by:

ROYAL LEPAGE TRILAND REALTY

MLS® number:

X13798314

Agent:

Matt Young

Phone:

(519) 672-9880

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55 Main Street S, Lambton Shores, Ontario N0N 1J0

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Cross Streets: MAIN ST & ROYAL ST. ** Directions: Head west on Hwy 21, turn left onto Main St. The duplex is on the left. GREAT INVESTMENT OPPORTUNITY. Solid brick "side-by-side" duplex with two 3-bedroom apartments. Each unit has their own gas and hydro meters as well as their own furnace/central