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451-455 KING Street
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Beds
—
Baths
—
Sqft
2,204
Year
1970
Type
Retail
On market
119d
Renovated mixed-use commercial/residential building located on high-traffic King Street in downtown Bridgewater, within walking distance to shops, restaurants, professional services, and other key amenities. The ground-level commercial unit offers approximately 1,100 sq.ft. with prominent storefront display, currently owner-occupied as a hair salon and tanning studio. Tanning beds may be negotiated with the sale; hair salon equipment is excluded. The space includes a public washroom with washer and dryer, rear access, and on-site parking - an extremely rare and highly valuable feature in this location - along with 12'x16' and 10' x 12' storage sheds. The commercial space will be available for immediate lease upon closing. The second-floor residential unit also spans approximately 1,100 sq. ft. and underwent major renovations completed in late 2025. With its own private entrance, the unit features an open-concept layout with two bedrooms and one bath. The modern kitchen includes matching appliances including a brand new dishwasher, a large island, and opens to a covered deck ideal for enjoying views of the LaHave River. The residential unit is currently under a periodic year-to-year lease which can be terminated with 2-months notice. The building received a full exterior facelift in 2018 including new windows, a new metal roof and updated electrical panel in 2024. This is a strong investment opportunity in a sought-after, high-exposure, walkable downtown location with two easily leasable units - further strengthened by the rare inclusion of on-site parking. It is equally well-suited for an owner-occupier seeking a centrally located residence with river views while operating a business with excellent street visibility below. Beyond its current configuration, the property offers significant potential for redevelopment into additional revenue-generating residential units, subject to zoning and approvals. Consult the associated documents for more details. (id:65958)
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-6.82%
Cap rate
3.50%
GRM
16.6
Break-even rent
$3,717
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 12, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for BRIDGEWTR. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.