5204 King Street Lincoln, Ontario L0R 1B2

$1,800,000

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. 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, 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. (id:50964)

Property Details

Building

Land

https://www.realtor.ca/real-estate/30118515/5204-king-street-lincoln-beamsville-982-beamsville