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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:
  • L2R 3M7
  • 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

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