51 King Street
Forest, Lambton Shores, N0N 1J0
For Sale
5.37 BTC
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5
BEDROOMS 5
BATHROOMS 5
KITCHENS 17
ROOMS X13798314
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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 Features
Beach, Golf, Park, Separate Hydro Meter, Water Heater Owned
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Property Details
Property Type
Multiplex
Lot Size
51' x 47'
Taxes
$4,196 (2026)
Basement
Full, Unfinished
Heat Type
Radiant
Heat Source
Gas
Water
Municipal
Garage Type
None
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Listing contracted with Royal Lepage Triland Realty
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