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  • DESCRIPTION

    BEAUTIFUL 75 BRAND NEW UNIT APARTMENT BUILDING PLUS 5 BRAND NEW RESTAURANTS. 73,000 SQUARE FEET, 6 STOREY, CONCRETE STRUCTURE, SOLID BRICK. FULL 9 FOOT HIGH BASEMENT (13,000 SQUARE FEET). ALL NEWER APARTMENTS, NEW ELECTRICAL, PLUMBING, HVAC, INDIVIDUAL HEAT PUMPS, WINDOWS, KITCHENS, BATHROOMS, CERAMIC FLOORS. INSTITUTIONAL GRADE INVESTMENT PROPERTY SHOWS A GUARANTEED 5% CAP RATE, 8.49% RETURN ON INVESTED CAPITAL AND A 14.85% INTERNAL RATE OF RETURN. A PRIME INVESTMENT IN THE HEART OF THE ENTERTAINMENT DISTRICT DOWNTOWN ST. CATHARINES. EXISTING FINANCING AVAILABLE.

    KEY DETAILS
    • Price:
    • $16,400,000
    • Bedrooms:
    • 0
    • Full Baths:
    • 0
    • Square Footage:
    • 73,000
    • Acreage:
    • 0.30
    • Listing #:
    • 30710602
    • Street Address:
    • 259 St Paul
    • City:
    • St. Catharines
    • State:
    • ON
    • Postal Code:
    • L2R3M7
    • County:
    • Niagara
    • Area:
    • St. Catharines
    • Subdivision:
    • St. Catharines Downtown
    • Listing Status:
    • For Sale - Active

    Building

    • Approximate Square Footage Range:
    • 10, 000+
    • Dwelling Type:
    • Investment
    • Has Basement:
    • 1
    • Total Building Square Footage:
    • 73000

    Land

    • Approximate Total Acres:
    • < 0.5
    • Lot Size Side:
    • 110.00

    Systems

    • Existing Water:
    • Municipal
    • Heating:
    • Heat Pump

    Source

    • Listing provided by RE/MAX Garden City Realty Inc
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    NOTES

    No notes have been added for this home.

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