$1,200,000
( $141.48Per Sq Foot )
 $6,442 est/mo Sourced by Back At You

310 St. Paul Street , St. Catharines, ON L2R 3M9

St. Catharines, ON L2R 3M9

Share with a friend

Description

TREMENDOUS INVESTMENT OPPORTUNITY: ATTRACTIVE VTB MORTGAGE AT 8% FOR UP TO TWO YEARS WITH 300,000 DOWN PAYMENT. ALSO THE INSURANCE IS ALREADY IN PLACE FOR THE NEW OWNER WITH A QUICK ASSIGNMENT. Potential income: Existing tenant commercial $1,510/mo or $18,120 per year (net rent) New Tenant for restaurant $4,000/mo or $48,000 per year (net rent) New residential tenants (4) $8,000/mo or $96,000 per year (after renovations) gross TOTAL POTENTIAL RENT $13,510/MO OR $162,000 PER YEAR AFTER RENOVATIONS In the vibrant heart of Downtown St. Catharines, THIS PRIME PROPERTY OFFERS AN EXCEPTIONAL INVESTMENT OPPORTUNITY. It features two commercial units on the ground floor, including a thriving restaurant and bar (estimated value over $200,000) with two upper-level apartments, each unit is equipped with its own gas furnace and separate hydro meters. The property also includes a full basement. 12' Restaurant ceiling, Roof restored, Residential flat roofing - 2010. All municipal services, ensuring convenience for both owners and tenants. While the apartments need updating and conversion costs to return to four units, the property’s strategic location ensures high visibility and accessibility, with parking at the rear for 10 vehicles and the potential to add more apartment units, this mixed-use property is poised for significant value appreciation and long-term profitability. DON’T MISS THE CHANCE TO INVEST IN A CORNERSTONE OF ONE OF NIAGARA’S MOST DYNAMIC MARKETS.

Details

MLS#40628343
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site56
Listing Provided ByROYAL LEPAGE NRC REALTY | Doug Mcnaughton

Features

SQ Feet8,482
BasementY
Story(s)3
ZoningC6
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

Request a showing

Request a showing

Loading Form
Listings Checked: 3 minutes ago
ProvinceON
CountyNiagara
CitySt. Catharines
Postal CodeL2R 3M9
AreaSt. Catharines
Subarea451 Downtown
Community Name451 Downtown
Listing VS Median (in 451 Downtown)
Price:
$1,200,000
low | high
Med:
$494,450
100% of Average
SqFt:
8,482
low | high
Med:
918
100% of Average
$ / SqFt:
$141
low | high
Med:
$560
100% of Average
On Site:
56
low | high
Med:
15.500000
100% of Average
Sourced by Back At You
Listing Updated: September 17, 2024 at 4:30:47 PM PDT