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

Investment

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

Utilities

Available

Building and exterior

Building area

2,927 Square Feet

More

Possession

Flexible

Cross street

Queen St E & Peel St S

Business type

Apts - 2 To 5 Units