$565,000
FOR SALE

Office

Lot: 70.5 x 158 ft
2025 Taxes: $6,175

119 Water St S
St. Marys, ON N4X 1C9 | Perth

Discover a fantastic investment opportunity at 119 Water Street South, St. Marys-a well-maintained commercial property featuring a blend of business and residential income streams in a prime location. This tenanted building includes a thriving main-floor business and two one-bedroom apartments above, making it a versatile, turn-key investment with excellent potential for income growth. The property boasts ample parking options, including three garage spaces and surface parking for up to 11 cars, providing convenience for tenants and their patrons. Located in a high-visibility area, the building benefits from its strategic setting, ensuring consistent foot traffic and exposure for the commercial tenant, while remaining equally convenient for the residential tenants. Both apartments above the commercial space are well-kept, providing comfortable living quarters with steady rental income. The building has been carefully maintained, with long-term tenants who take pride in their spaces. Whether you're a seasoned investor or new to the market, this property represents a hassle-free addition to your portfolio, delivering immediate returns and potential for future appreciation. St. Marys is known for its charm, growing community, and vibrant local economy, making it an ideal setting for a property like this. Demand for mixed-use buildings in well-situated areas continues to rise, and the ability to attract quality tenants ensures that this property remains a reliable income generator. With the groundwork already in place and room to increase revenues, this is your chance to acquire a lucrative investment property that's ready to perform from day one. Don't miss this rare opportunity to own a well-maintained, versatile commercial and residential property.
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Listed By REAL BROKER ONTARIO LTD.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X12872080
Last Updated Mar 13, 2026
Property Summary
Property Type Office

More like this:
PIN 532480060
Legal Description LOT L EAST SIDE WATER ST PLAN 235 ST MARYS; PT LOT B EAST SIDE WATER ST PLAN 235 ST MARYS AS IN R350656 ; ST MARYS
Possession Date Flexible
Taxes (2025) $6,175
Directions/Cross Streets Park Street
Neighbourhood St. Marys
Area Perth
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Freestanding Y
Lot 70.5 x 158 ft
Air Conditioning Yes
Garage Type Double Detached
Parking Spaces 3
Heat Type Electric Forced Air
Sewers None

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