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!
Address
51 King Street W
List Price
$499,900
MLS® Status
New
Property Type
Commercial
Type of Dwelling
Commercial Retail
Transaction Type
Sale
Area
Lambton Shores
Sub-Area
Forest
Region
Lambton
Lot Size Source
MPAC
Lot Depth
47.1
Lot Shape
Rectangular
Lot Type
Building
Lot Size Units
Feet
Lot Width
50.75
Parcel Number
430760097
Total Building Area
4129
Occupant Type
Tenant
Cross Street
KING WEST AND WASHINGTON
Approx. Age
100+ Years
MLS® Number
X13798284
Listing Brokerage
ROYAL LEPAGE TRILAND REALTY
Basement
Yes
Postal Code
N0N 1J0
Posession Details
FLEXIBLE
Tax Amount
$4,196.17
Tax Year
2026
Site Influences
Major Highway, Recreation/Community Centre
Community Features
Major Highway, Recreation/Community Centre
Standard Status
Active
Board Or Association
London and St. Thomas Association of REALTORS
Heat Type
Gas Hot Water
Cooling Features
No
Garage Type
None
Tax Legal Description
PT LT 6 S/S KING ST, 7 S/S KING ST PL 3 FOREST AS IN L581093; LAMBTON SHORES
Security Features
No