196-198 Queen Street E, St. Marys, ON N4X 1B1
St. Marys · Near Queen St E & Peel St S · View map
About this home
Located in a prime high-visibility location in the heart of downtown St. Marys, this fully tenanted 7,000+ sq. ft. mixed-use commercial building offers a strong investment opportunity with multiple income streams already in place. With excellent exposure and a central downtown presence, the property is well positioned for long-term growth and stability. The main level features a spacious commercial unit complete with separate utilities, two bathrooms, and a lunchroom/office area. The upper level includes four two-bedroom, one-bathroom apartments, with two recently renovated, adding to the property's overall appeal. At the rear lower level, a large heated garage with bathroom facilities, generating additional commercial income. Common areas have been recently updated and well maintained, showcasing pride of ownership throughout. A turnkey investment opportunity offering strong visibility, a fully occupied tenant mix, and dependable income in a thriving downtown community. Financial information available upon request.
The home
- Type
- Commercial retail
- Square footage
- 7062 sq ft
- Lot size
- 46.2 x 100 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Gas Forced Air Closed
- Air conditioning
- Partial
Garage & parking
- Total parking
- None
Taxes & other
- Property taxes
- $7,410/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- Queen St E & Peel St S
- Neighbourhood
- St. Marys
More
- MLS® number
- X13161272
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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.
196-198 Queen Street, St. Marys, ON N4X 1B1
St. Marys · Near Queen St E & Peel St S
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Listing history for 196-198 Queen 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 196-198 Queen Street E
Answers come straight from this home’s MLS® listing.
How much is 196-198 Queen Street E listed for, and what would it cost each month?
196-198 Queen Street E is listed for $1,149,000. With 20% down ($229,800), the mortgage payment would be roughly $4,635 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $5,252 a month, all in. That figure is an illustration, not a quote.
Is 196-198 Queen Street E freehold or a condo, and is there a monthly fee?
196-198 Queen Street E is a commercial retail 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 196-198 Queen Street E have a garage and parking?
The listing does not show a garage. The listing does not include a parking space.
What style of home is 196-198 Queen Street E?
196-198 Queen Street E is a commercial retail. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 196-198 Queen Street E, and what is the lot size?
The lot is listed as 46.2 x 100 ft.
How is 196-198 Queen Street E heated and cooled?
Heating is gas forced air closed. Cooling is partial.
What are the property taxes for 196-198 Queen Street E?
Property taxes are $7,410 a year (2025), or about $618 a month.
Where is 196-198 Queen Street E?
196-198 Queen Street E is in St. Marys. The nearest main intersection is Queen St E & Peel St S. The postal code is N4X 1B1.
Is 196-198 Queen Street E still for sale?
Yes. It is an active listing (MLS® X13161272). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 196-198 Queen Street E asking?
Similar properties for sale nearby right now include 196-198 Queen Street E at $1,149,000, 1772 Perth Road 139 Road at $1,189,000 (3+1 bed) and 491 Elizabeth Street at $949,900 (3 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 196-198 Queen 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 196-198 Queen Street E?
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.
Investment$1,149,000196-198 Queen Street E, St. MarysSt. MarysCourtesy of: SUTTON GROUP - SELECT REALTYView home →
Detached home$1,189,0001772 Perth Road 139 Road, St. Marys3+1 bed · 3 bath · St. MarysCourtesy of: CENTURY 21 FIRST CANADIAN CORPView home →
Detached home$949,900491 Elizabeth Street, St. Marys3 bed · 3 bath · St. MarysCourtesy of: RE/MAX A-B Realty LtdView home →Courtesy of: SUTTON GROUP - SELECT REALTY
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.