$609,900

249-253 Church Street

St. Catharines ON, L2R 3E8

Description

249-253 Church St. is a great opportunity to own a multi-residential and commercial mix building in central St. Catharines. This property has 4 - 2 bedrooms apartments and an established tenant in the main floor commercial space. Each unit has it own furnace, HVAC system and hydro meter. There is also a coin laundry room located at the back of the building for easy tenant access. The property generates a monthly gross income of $5415, or $64,980/year. With 3 of the apartment units getting new tenants at $1200/month starting Sept.1st you can enjoy new tenants at market rents. The main floor barber shop is always busy and is a great commercial tenant to have, they pay $950/month. St.Catharines' Downtown Core has seen well over 200 million in investment in the past several years with that trend continuing as development creeps east from St.Paul St. Specifically this are is seeing the re-purpose of the 11 acre old Hospital site into new apartment style residential development. This is the next area to see big change! We are happy to provide rent rolls, expense sheets and leases.

Details

MLS#30758244
Sub-TypeResale
StatusActive
Days On Site36

Features

SQ Feet4,369
Units5
Building(s)1

Loading Form

Loading Form

Area Information

ProvinceON
CountyNiagara
CitySt. Catharines
Postal CodeL2R 3E8
AreaSt. Catharines
Listing VS Median (in L2R 3E8)
Price:
$609,900
low | high
Med:
$609,900
50% of Average
SqFt:
4,369
low | high
Med:
4,369
50% of Average
$ / SqFt:
$140
low | high
Med:
$140
50% of Average
On Site:
36
low | high
Med:
36
100% of Average
Listing Updated: 09/20/2019
MLS Number: 30758244
Listing Provided By:
GEOFFREY PAWSON  of  MCGARR REALTY CORP BROKERAGE
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 ONTARIO REGIONAL TECHNOLOGY & INFORMATION SYSTEMS INC. (ORTIS)
Real Estate Links Our Domains