Tej Thakor Broker of Record / Owner 647-684-1731
For Sale
MLS®# X13163462

196-198 Queen Street E, St. Marys, ON N4X 1B1

St. Marys, ON N4X 1B1

$1,149,000 Est. $4,880/mo · 20% down, 25-yr, 4.09% ↓ $61,000 (-5%)
46 × 100 ftLot
InvestmentType

About this property

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.

Property Summary

Property TypeInvestment
Community NameSt. Marys
Land Size46.15 x 100 ft
Annual Property Taxes$7,410.00
Tax Year2025
Parking TypeOther Garage

Building details

Bathrooms / washrooms0
Property typeInvestment

Lot & land

Lot dimensions46 × 100 ft
Lot frontage46 ft
Lot depth100 ft

Interior Features

ExclusionsTenant Belongings

Building Features

StyleInvestment

Heating & Cooling

CoolingPartial
Heating TypeGas Forced Air Closed

Parking

Parking TypeOther Garage

Taxes & fees

Annual taxes$7,410 (2025)

Listing history

On market sinceMay 22, 2026
Original list price$1,210,000

Location

St. Marys, ON N4X 1B1
Listed by SUTTON GROUP - SELECT REALTY, Brokerage · Listing data sourced from TRREB®, refreshed nightly.
Run your own mortgage numbers Open the full calculator — adjust down payment, term, and rate. Email yourself the estimate.
Open calculator →
The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Service® and the associated logos are owned or controlled by The Canadian Real Estate Association (CREA). Used under licence. Information deemed reliable but not guaranteed. Tej Thakor is a Broker of Record at Royal LePage Terra Realty.
Call Tej Now 647-684-1731
196-198 Queen Street E, St. Marys, ON N4X 1B1