51 King Street W, Lambton Shores (forest), Ontario

$499,900

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5

Beds

5

Baths

About 51 King Street W

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:36535)

Features of 51 King Street W

Listing # X13798314
Price $499,900
Bedrooms 5
Bathrooms 5.00
Half Baths 1
Acres 0.00
Type Multi-family

Community Information

Address 51 King Street W
Subdivision Forest
City Lambton Shores (forest)
Province Ontario
Postal Code N0N1J0

Amenities

Amenities Beach, Golf Nearby, Park, Separate Electricity Meters
Features Flat site
Parking No Garage
Is Waterfront No
Has Pool No

Interior

Appliances Water Heater, Stove, Refrigerator
Heating Natural gas Radiant heat
Cooling None
Fireplace No
# of Stories 2
Has Basement Yes
Basement Type Full (Unfinished)
Basement Development Unfinished

Exterior

Exterior Brick
Lot Description 51.3 x 47.1 FT
Foundation Brick

Listing Details

OfficeCourtesy Of ROYAL LEPAGE TRILAND REALTY

Listing Map