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Est. payment | /mo
5 Beds
5 Baths
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Est. payment | /mo
5 Beds
5 Baths
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision Forest
MLS Listing ID X13798314
Style 2-Storey
Bedrooms 5
Annual Tax Amount $4,196
Tax Year 2026
Property Sub-Type Multiplex
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!
Location
Province ON
County Lambton
Area Lambton
Zoning C1
Rooms
Family Room No
Basement Full, Unfinished
Kitchen 5
Interior
Interior Features Separate Hydro Meter, Water Heater Owned
Cooling None
Inclusions (3) FRIDGES, (3) STOVES
Exterior
Pool None
Roof Type Flat
Lot Frontage 51.34
Lot Depth 47.1
Building
Building Age 100+
Foundation Brick
Others
Senior Community No
ParcelsYN No
Listed by ROYAL LEPAGE TRILAND REALTY
Nearby Locations
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