$ 1,200,000
310 ST. PAUL ST St. Catharines, ON L2R 3M9
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$ 1,200,000
Est. payment /mo
Active
310 ST. PAUL ST St. Catharines, ON L2R 3M9
8,482 SqFt
UPDATED:
11/22/2024 04:36 PM
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Square Footage 8,482 sqft
Price per Sqft $141
MLS Listing ID X9413152
Annual Tax Amount $12,993
Tax Year 2024
Property 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.
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.
Location
Province ON
County Niagara
Zoning C6
Rooms
Kitchen 0
Interior
Cooling Unknown
Exterior
Pool None
Community Features Public Transit
Utilities Available Unknown
Roof Type Unknown
Building
New Construction false
Others
Security Features Unknown
Listed by ROYAL LEPAGE NRC REALTY
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