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Renanza Realty
For sale

5204 KING STREET

Lincoln (Beamsville), Ontario

MLS® X13808116

$1,699,900

Status
Active
Property type
Retail
MLS® number
X13808116
Bedrooms
—
Bathrooms
—
Year built
—

Listing description

An exceptional turnkey investment opportunity in the heart of Niagara's renowned wine country. This extensively renovated mixed-use property offers multiple income streams & outstanding upside potential for an owner/operator or investor with lots of visibility from steady-thru traffic. The current owner has extensively renovated the building, creating a boutique atmosphere that reflects the character and charm of this evolving destination.

With the major improvements complete, the next owner can build on this strong foundation and take the opportunity to the next level. The property includes a well-established long-term restaurant tenant on a month-to-month basis, a recently renovated one-bedroom detached home, and three second-floor residential units, including two one-bedroom apartments and a spacious two-bedroom apartment. The two one-bedroom units are connected and can function as a two-bedroom unit while maintaining separate living spaces.

Two residential units currently operate as successful short-term rentals, while the owner occupies the two-bedroom unit. A new owner may continue the short-term rental model, expand operations, or convert the residential units to long-term rentals. Situated on a prominent corner lot surrounded by thriving businesses, the property features ample paved parking and access from two streets.

Residents enjoy views of the Toronto skyline on clear days and are minutes from six wineries and destinations including The Watering Can & Bench. Beamsville is an up-and-coming lifestyle and tourism destination, rich with wineries, restaurants and local experiences. It offers an accessible alternative to higher-priced destinations such as Niagara-on-the-Lake and Niagara Falls, while remaining a short drive from both, as well as the outlet mall and other Niagara attractions.

With convenient access from Toronto, this versatile income-producing property is well positioned to benefit from continued growth, increased demand and future appreciation.

Property summary

MLS® number
X13808116
Property type
Retail
Building type
Residential Commercial Mix
Size
4,445 sq ft
Land size
80 x 159 FT
Annual property taxes
$9,702.15
Parking
13 spaces
Days on market
7 days

Features & details

Heating
Forced air, Natural gas
Cooling
Fully air conditioned

What would this home cost you?

Based on the $1,699,900 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$7,909 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of Century 21 Heritage House LTD, FORT ERIE.

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.