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Colin Van Moorsel
519-438-8000
colin@vanmoorsel.ca
Keller Williams Lifestyles Realty, Brokerage
1-91 King St. E
Forest, ON
51 King Street W
Lambton Shores
N0N 1J0
$499,900
Residential Freehold
beds: 5
baths: 5.0
- Status:
- Active
- Prop. Type:
- Residential Freehold
- MLS® Num:
- X13798314
- Bedrooms:
- 5
- Bathrooms:
- 5
- Photos (43)
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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!
- Under Contract:
- None
- Property Type:
- Residential Freehold
- Property Sub Type:
- Multiplex
- Home Style:
- 2-Storey
- Approx. Age:
- 100+
- Total Approx Floor Area:
- 3500-5000
- Lot Depth:
- 47'1¼"
- Lot Frontage:
- 51'4"
- Lot Shape:
- Rectangular
- Topography:
- Flat
- Direction Faces:
- South
- Bedrooms:
- 5
- Bathrooms:
- 5.0
- Water supply:
- Municipal
- Kitchens:
- 5
- Bedrooms Above Grade:
- 5
- Kitchens Above Grade:
- 5
- Rooms Above Grade:
- 17
- Zoning:
- C1
- Heating type:
- Radiant
- Heating Fuel:
- Gas
- Foundation:
- Brick
- Roof:
- Flat
- Basement:
- Full, Unfinished
- Fireplace/Stove:
- No
- Garage:
- None
- Garage Spaces:
- 0.0
- Parking Spaces:
- 0
- Total Parking Spaces:
- 0.0
- Family Room:
- No
- Possession Details:
- FLEXIBLE
- Pool:
- None
- HST Applicable To Sale Price:
- In Addition To
- Assessment Year:
- 2025
- Taxes:
- $4,196.17 / 2026
- Assessment:
- $- / 2025
- Lambton
- Lambton Shores
- Forest
- Beach, Golf, Park
- Separate Hydro Meter, Water Heater Owned
- NONE
- (3) FRIDGES, (3) STOVES
- APPLIANCES IN THE UPPER SOUTHWEST APARTMENT AS TENANTS OWNS THEM
- None
- Brick
- None
- Floor
- Type
- Size
- Other
- Main
- Sitting
- 11'11" × 9'5"
- Main
- Kitchen
- 20'7¼" × 11'6"
- Main
- Common Room
- 32'3¾" × 16'10"
- Main
- Utility Room
- 10'11" × 10'9½"
- Main
- Great Room
- 22'8½" × 18'8"
- Main
- Utility Room
- 9'8½" × 7'3"
- Second
- Living Room
- 17'9¾" × 11'8½"
- Second
- Bedroom
- 10'9½" × 8'8"
- Second
- Bedroom
- 10'1¼" × 8'2"
- Second
- Kitchen
- 13'7" × 12'7"
- Second
- Mud Room
- 9'5" × 8'2"
- Second
- Living Room
- 15' × 14'2½"
- Second
- Kitchen
- 10'11" × 7'10⅞"
- Second
- Bedroom
- 13' × 10'6"
- Second
- Living Room
- 13'11" × 11'6"
- Second
- Kitchen
- 13' × 8'2"
- Second
- Bedroom
- 9'8½" × 8'8"
- Floor
- Ensuite
- Pieces
- Other
- Main
- No
- -
- 1'7" x 3'3"
- Main
- No
- -
- 8'8" x 4'1¼"
- Second
- No
- -
- 6'9½" x 5'1"
- Second
- No
- -
- 7'10⅞" x 4'9½"
- Second
- No
- -
- 7'1" x 4'1¼"
- Second
- No
- -
- 6'1¼" x 5'
- Special Designation:
- Unknown
- Sewers:
- Sewer
- Air Conditioning:
- None
- Central Vacuum:
- No
- Seller Property Info Statement:
- No
-
Mixed use Building -
3 Commercial Spaces
-
4 Residential Units Upper
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Listed by ROYAL LEPAGE TRILAND REALTY
Data was last updated September 21, 2026 at 12:15 PM (UTC)
- COLIN VAN MOORSEL
- KELLER WILLIAMS LIFESTYLES REALTY, BROKERAGE
- 1 (226) 2357800
- Contact by Email