$1,200,000
FOR SALE

Office

Lot: 38 x 0 ft

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

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. (id:47421)
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Listed By ROYAL LEPAGE NRC REALTY
Data Provided By Niagara Association of REALTORS®
MLS® Listing Number 40628343
Last Updated Sep 17, 2024
Property Summary
Property Type Office

More like this:
Subdivision 451 - Downtown
Price History

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Detailed Information
Lot 38 x 0 ft
Amenities Nearby Public Transit
Communication Type High Speed Internet
Community Features High Traffic Area
Listing Contract Date 2024-09-17
Location Description 310 St. Paul Street. St. Catharines, Ontario
Ownership Type Freehold
Property Type Office
Transaction Type For sale
Zoning Description C6
Building
Basement Type Full
Stories Total 3
Size (Exterior) 8482.78
Utility Water Municipal water
Utilities
Type Description
ElectricityAvailable
Natural GasAvailable
TelephoneAvailable
Land
Total Size under 1/2 acre
Access Type Highway access
Amenities Public Transit
Sewer Municipal sewage system

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