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196-198 Queen Street

St. Marys / St. Marys, ON N4X 1B1

ActiveFor Sale
0 Beds
0 Baths
2,927 Sq Ft
Commercial
Virtual Tour Available

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 Details

StatusActive
Property TypeCommercial
Listing TypeFor Sale
Interior Size2,927 sq ft
Bedrooms0
Bathrooms0
Postal CodeN4X 1B1
Last UpdatedAug 8, 2026 · 5:43 p.m.

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Features & Amenities

  • View
  • Air Conditioning
  • Basement

TRREB MLS® Attribution

MLS® X13163462

Listed by SUTTON GROUP - SELECT REALTY

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.

$1,210,000

asking price

MLS®X13163462
TypeCommercial
CitySt. Marys
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Team Filipe · RE/MAX · (647) 210-6070

Mortgage Estimate

Est. Monthly Payment

$5,909

/month · $968,000 mortgage

Down Payment20% — $242,000
Interest Rate5.5%

Amortization

Total Interest

$804,577

Total Cost

$1,772,577

Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.

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Listed By

SUTTON GROUP - SELECT REALTY