51 King Street
Lambton Shores, N0N 1J0
FOR SALE
$499,900
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Commercial Retail
CATEGORY 2,000 Sq Ft
RETAIL AREA X13798284
MLSID Contact Us
Property 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!
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Property Details
Address
51 King Street
Community
City
Postal Code
N0N 1J0
Property Type
Commercial Retail, Commercial Retail
Use
Multi-Use
Zoning
C1
Lot Size
51' x 47'
Retail Area
2,000 Sq Ft
Taxes
$4,196 (2026
Heat Type
Gas Hot Water
Water
Municipal
Garage Type
None
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Listing contracted with Royal Lepage Triland Realty
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