196-198 Queen Street E

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.

Details

Type

Commercial Retail

Lot

46.15 × 100 ft

Garage

Other

Property tax

$7,410 (2025)

Neighbourhood

St. Marys

Municipality

St. Marys

Heating, cooling and services

Heating

Gas Forced Air Closed

Air conditioning

Partial

Water and sewer

Sanitary+Storm

Utilities

Available

Building and exterior

Building area

7,062 Square Feet

More

Possession

Flexible

Cross street

Queen St E & Peel St S

Business type

Service Related