Cross Streets: Water. ** Directions: corner of Queen St E and Water St. Turnkey mixed-use investment opportunity in the heart of downtown St. Marys. This fully tenanted property features a main-level national retail tenant under a long-term lease, providing stable and predictable income. The upper level includes a fully renovated 2-bedroom residential unit currently operating as a short-term rental, with flexibility for continued use, long-term tenancy, or owner occupancy (subject to applicable regulations). Additional unfinished space offers the potential to create a one-bedroom residential unit (buyer to verify), providing an opportunity to increase future income. Located on a prominent corner lot in the downtown core, the property benefits from strong visibility, walkability, and year-round tourism activity that supports rental demand. Approximate 4.5% cap rate with upside potential. Financial details available upon request for pre-qualified buyers. Please do not go direct. Contact your REALTOR for more information. (id:27476)
