Looking for the perfect investment property? Well, look no further. Welcome to 125 Lake Street. This 2 1/2 story home with a business building fronting onto Lake street, offers a multitude of flexibility for a multitude of residential /commercial options. With M1 zoning and three separate meters, this home can easily be converted into a triplex of all residential or maintain the commercial portion, with or without full separation of all units. This beautiful character home section of this property offers a great layout. As you enter the home you have a good-sized foyer, dining room kitchen, 3 pc bath, and a sunken living room with a gas fireplace. From the den, you have another exterior side entrance that leads you into the 700 sq. ft commercial space, (currently being used as a residential space). Inside the commercial space, you have an abundance of natural light from the large windows, another 3pc bath, and frontage to Lake St. On the second floor of the residential portion of the home, you have 3 bedrooms, another 4 pc bath, laundry, and a small living area. ( This space could be converted into a kitchenette). The finished attic is currently used as a 4th bedroom (Primary). Updates include a new concrete driveway, Kitchenette, and bathroom added in the commercial space 2020, windows on the 3rd-floor bedroom, new eavestroughs, downspouts, chimney, and liner (2016), as well as new siding at the rear of the building. The roof was completely redone including new plywood insulation and shingles (2016). This home must be seen to truly appreciate its potential. Book your showing today!