$499,900
5.37 BTC
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51 King Street, Lambton Shores
$499,900
PRICE
5
BEDROOMS
5
BATHROOMS
X13798314
MLSID

51 King Street, Lambton Shores

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!
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Summary

Address
51 King Street
Community
MLSID
X13798314
Property Type
Multiplex
Property Category
Bedrooms
5
Bathrooms
5
Kitchens
5
Zoning
C1
Taxes (Annual)
$4,196.17
Tax Year
2026
Published
September 17, 2026
Days on Market
2 Days
Possession Type
1-29 Days
Possession Details
Flexible
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Inclusions

(3) FRIDGES, (3) STOVES

Exclusions

APPLIANCES IN THE UPPER SOUTHWEST APARTMENT AS TENANTS OWNS THEM

Details

Property Features
Beach, Golf, Park
Basement
Full, Unfinished
Interior Features
Separate Hydro Meter, Water Heater Owned
Architectural Style
2-Storey
Roof
Flat
Construction Materials
Brick
Lot Width
51 Feet
Lot Depth
47 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Radiant
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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