119 Water Street S, St. Marys, ON N4X 1C9
St. Marys · Near Park Street · View map
About this home
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.
The home
- Type
- Office
- Square footage
- 1986 sq ft
- Lot size
- 70.5 x 158 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Electric Forced Air
- Air conditioning
- Yes
Garage & parking
- Garage
- Double Detached
- Driveway spaces
- 3
- Total parking
- 3
Taxes & other
- Property taxes
- $6,175/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- Park Street
- Neighbourhood
- St. Marys
More
- MLS® number
- X12872080
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
Schools nearby
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Your commute
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Listing history for 119 Water Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 119 Water Street S
Answers come straight from this home’s MLS® listing.
How much is 119 Water Street S listed for, and what would it cost each month?
119 Water Street S is listed for $565,000. With 20% down ($113,000), the mortgage payment would be roughly $2,279 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $2,794 a month, all in. That figure is an illustration, not a quote.
Is 119 Water Street S freehold or a condo, and is there a monthly fee?
119 Water Street S is a office in St. Marys. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 119 Water Street S have a garage and parking?
Yes. The listing shows the garage as double detached. The driveway adds 3 spaces. In total the listing counts 3 parking spaces.
What style of home is 119 Water Street S?
119 Water Street S is an office. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 119 Water Street S, and what is the lot size?
The lot is listed as 70.5 x 158 ft.
How is 119 Water Street S heated and cooled?
Heating is electric forced air. Cooling is yes.
What are the property taxes for 119 Water Street S?
Property taxes are $6,175 a year (2025), or about $515 a month.
Where is 119 Water Street S?
119 Water Street S is in St. Marys. The nearest main intersection is Park Street. The postal code is N4X 1C9.
Is 119 Water Street S still for sale?
Yes. It is an active listing (MLS® X12872080). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 119 Water Street S asking?
Similar properties for sale nearby right now include 321 Tracy Street at $600,000 (2 bed), 131 Guest Court at $699,900 (2 bed) and 28 - 30 Ann Street at $429,000 (2 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 119 Water Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 119 Water Street S?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near St. Marys, picked by style, size and price.
Freehold townhouse$600,000321 Tracy Street, St. Marys2 bed · 2 bath · St. MarysCourtesy of: Peak Select Realty IncView home →
Detached home$699,900131 Guest Court, St. Marys2 bed · 2 bath · St. MarysCourtesy of: RE/MAX A-B Realty LtdView home →
Modular home$429,00028 - 30 Ann Street, St. Marys2 bed · 2 bath · St. MarysCourtesy of: Royal LePage Heartland RealtyView home →Courtesy of: REAL BROKER ONTARIO LTD.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.