51 KING STREET W
Lambton Shores (Forest), Ontario
MLS® X13798314
$499,900
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13798314
- Bedrooms
- 5
- Bathrooms
- 5
- Year built
- —
1 / 43Listing 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!
Property summary
- MLS® number
- X13798314
- Property type
- Multi-family
- Building type
- Other
- Land size
- 51.3 x 47.1 FT
- Annual property taxes
- $4,196.17
- Parking
- No Garage
- Days on market
- 2 days
Features & details
- Heating
- Radiant heat, Natural gas
- Cooling
- None
- Basement
- Unfinished, Full
- Appliances
- Refrigerator, Stove, Water Heater
- Exterior features
- Brick
- Lot features
- Flat site
What would this home cost you?
Based on the $499,900 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of ROYAL LEPAGE TRILAND REALTY, LONDON.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.