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.

  • MLS# 30758244
  • Sub-Type Resale
  • Status Active
  • Days On Site 32
SQ Feet 4,369
Units 5
Building(s) 1
Listing Provided By:
GEOFFREY PAWSON  of  MCGARR REALTY CORP BROKERAGE
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
this listing $609,900
0.00%
$609,900 in L2R 3E8
this listing 4,369 SqFt
0.00%
4,369 SqFt in L2R 3E8
this listing $140 $/SqFt
0.00%
$140 $/SqFt in L2R 3E8
this listing 32 on site
3.23%
31 on site in L2R 3E8

Location

Province ON
County Niagara
City St. Catharines
Postal Code L2R 3E8
Area St. Catharines

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