5204 King Street, Lincoln, ON L0R 1B2

$1,800,000

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$1,800,000
MLS#
X13641548
Status
ACTIVE
Type
Commercial
SubType
Store W Apt/Office
Province
ON
Municipality
Lincoln
Area
Niagara
Neighborhood
982 - Beamsville
Subdivision
King St/Lincoln Ave

Property Description

An exceptional turnkey investment opportunity in the heart of Niagara's renowned wine country. This extensively renovated mixed-use property offers multiple income streams and outstanding upside potential for an owner/operator or investor with lots of visibility from steady-thru traffic. The current owner has extensively renovated the building, creating a boutique atmosphere that reflects the character and charm of this evolving destination. With the major improvements complete, the next owner can build on this strong foundation and take the opportunity to the next level. The property includes a well-established long-term restaurant tenant on a month-to-month basis, a recently renovated one-bedroom detached home, and three second-floor residential units, including two one-bedroom apartments and a spacious two-bedroom apartment. The two one-bedroom units are connected and can function as a two-bedroom unit while maintaining separate living spaces. Two residential units currently operate as successful short-term rentals, while the owner occupies the two-bedroom unit. A new owner may continue the short-term rental model, expand operations, or convert the residential units to long-term rentals. Situated on a prominent corner lot surrounded by thriving businesses, the property features ample paved parking and access from two streets. Residents enjoy views of the Toronto skyline on clear days and are minutes from six wineries and destinations including The Watering Can and Bench. Beamsville is experiencing continued growth as one of Niagara's emerging lifestyle and tourism destinations. This location is well positioned to benefit from future appreciation and increased demand. Located close to wineries, restaurants, tourism and year-round attractions, this is a rare opportunity to acquire a versatile income-producing property with significant future potential.

Additional Information

Taxes
$9,702
Heat Type
Gas Forced Air Open
Air Conditioning
Yes
Lot Depth
159
Garage Type
None

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Century 21 Heritage House LTD.