$1,200,000
FOR SALE

Business for Sale

Restaurant

Lot: 37.5 x 198.24 ftTotal Area: 8,482.78 ft2
2024 Taxes: $12,993.3

310 ST. PAUL St
St. Catharines, ON L2R 3M9 | 451 - Downtown | Niagara

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.
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Listed By ROYAL LEPAGE NRC REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9413152
Last Updated Nov 22, 2024
Property Summary
Property Type Business For Sale

More like this:
Use Restaurant
Franchise Non-Franchise
Category With Property
PIN 462180038
Legal Description LT 103 CP PL 2 GRANTHAM; ST. CATHARINES
Occupancy Own+Ten
Possession Date 30-59Days
Taxes (2024) $12,993.3
Assessment (2024) $409,000
Directions/Cross Streets 310 St. Paul Street. St. Catharines, Ontario
Neighbourhood 451 - Downtown
Area Niagara
Price History

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Detailed Information
Lot 37.5 x 198.24 ft
Retail Area 750 ft2
Total Area 8,482.78 ft2
Basement Y
Chattels Y
Days Open 7
Hours Open 4-10
LLBO Y
Employees 2
Financial Statement Y
Area Influences Public Transit
Seats 30
Sewers Sanitary
Water Municipal
Zoning C6
Seller Property Info Statement N

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