51 King Street W Lambton Shores, Ontario N0N 1J0
5 Bedroom
5 Bathroom
3,500 - 5,000 sqft
None
Radiant Heat
$499,900
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! (id:15069)
Property Details
| MLS® Number | X13798314 |
| Property Type | Multi-family |
| Community Name | Forest |
| Amenities Near By | Beach, Golf Nearby, Park |
| Equipment Type | None |
| Features | Flat Site |
| Rental Equipment Type | None |
Building
| Bathroom Total | 5 |
| Bedrooms Above Ground | 5 |
| Bedrooms Total | 5 |
| Age | 100+ Years |
| Amenities | Separate Electricity Meters |
| Appliances | Water Heater, Stove, Refrigerator |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Cooling Type | None |
| Exterior Finish | Brick |
| Foundation Type | Brick |
| Half Bath Total | 1 |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat |
| Stories Total | 2 |
| Size Interior | 3,500 - 5,000 Sqft |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Beach, Golf Nearby, Park |
| Sewer | Sanitary Sewer |
| Size Depth | 47 Ft ,1 In |
| Size Frontage | 51 Ft ,3 In |
| Size Irregular | 51.3 X 47.1 Ft |
| Size Total Text | 51.3 X 47.1 Ft |
| Zoning Description | C1 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom | 3.08 m | 2.5 m | 3.08 m x 2.5 m |
| Second Level | Bathroom | 2.07 m | 1.55 m | 2.07 m x 1.55 m |
| Second Level | Kitchen | 3.84 m | 4.15 m | 3.84 m x 4.15 m |
| Second Level | Mud Room | 2.87 m | 2.5 m | 2.87 m x 2.5 m |
| Second Level | Bathroom | 2.41 m | 1.46 m | 2.41 m x 1.46 m |
| Second Level | Living Room | 4.57 m | 4.33 m | 4.57 m x 4.33 m |
| Second Level | Kitchen | 3.32 m | 2.41 m | 3.32 m x 2.41 m |
| Second Level | Bedroom | 3.96 m | 3.2 m | 3.96 m x 3.2 m |
| Second Level | Bathroom | 2.16 m | 1.25 m | 2.16 m x 1.25 m |
| Second Level | Living Room | 4.24 m | 3.51 m | 4.24 m x 3.51 m |
| Second Level | Kitchen | 3.96 m | 2.5 m | 3.96 m x 2.5 m |
| Second Level | Bedroom | 2.96 m | 2.65 m | 2.96 m x 2.65 m |
| Second Level | Bathroom | 1.86 m | 1.52 m | 1.86 m x 1.52 m |
| Second Level | Living Room | 5.43 m | 3.57 m | 5.43 m x 3.57 m |
| Second Level | Bedroom | 3.29 m | 2.65 m | 3.29 m x 2.65 m |
| Main Level | Sitting Room | 3.63 m | 2.87 m | 3.63 m x 2.87 m |
| Main Level | Kitchen | 6.28 m | 3.51 m | 6.28 m x 3.51 m |
| Main Level | Bathroom | 0.49 m | 1 m | 0.49 m x 1 m |
| Main Level | Utility Room | 3.32 m | 3.29 m | 3.32 m x 3.29 m |
| Main Level | Great Room | 6.92 m | 5.7 m | 6.92 m x 5.7 m |
| Main Level | Utility Room | 2.96 m | 2.2 m | 2.96 m x 2.2 m |
| Main Level | Bathroom | 2.65 m | 1.25 m | 2.65 m x 1.25 m |
https://www.realtor.ca/real-estate/30294073/51-king-street-w-lambton-shores-forest-forest
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September 17 2026 08:38:08
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