Header

 

logo

header

$1,100,000
Available - For Sale
Listing ID: X12060194
TREMENDOUS INVESTMENT OPPORTUNITY: ATTRACTIVE VTB MORTGAGE AT 6% 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) grossTOTAL POTENTIAL RENT $13,510/MO OR $162,000 PER YEAR AFTER RENOVATIONSIn 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.This property features a spacious full basement, along with a 12-foot restaurant ceiling and a roof that was restored in 2010 with residential flat roofing. It offers 12 dedicated parking spots, providing excellent convenience and flexibility for residents or visitors. Additionally, the property is connected to municipal services, ensuring ease and comfort for both owners and tenants. While the apartments need updating and conversion costs to return to four units, the property 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. The restaurant portion of the sale TBD is subject to HST.
Price $1,100,000
Taxes: $12,993.3
Tax Type: Annual
Assessment Year: 2024
Occupancy by: Owner+T
Address: 310 ST. PAUL Stre , St. Catharines, L2R 3M9, Niagara
Postal Code: L2R 3M9
Province/State: Niagara
Legal Description: LT 103 CP PL 2 GRANTHAM; ST. CATHARINES
Directions/Cross Streets: St. Paul Street and Academy St.
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Store With Apt/Office
Building Percentage: T
Total Area: 8,482.78
Total Area Code:  Square Feet
Office/Appartment Area: 0
Office/Appartment Area Code: Sq Ft
Retail Area Code: Sq Ft
Area Influences: Major Highway   Public Transit
Financial Statement: T
Chattels: T
Franchise: F
Days Open: O
Hours Open: 4-10
Employees #: 2
Seats: 82
Maintenance: 0
Sprinklers: No
Heat Type: Gas Forced Air Close
Central Air Conditioning: Yes
Sewers: Sanitary
First Name: *
Last Name: *
Phone: *
Email: *
Showing Date:
Showing Time:
I Am Thinking of Moving
 
First Name: *
Last Name: *
Phone: *
Email: *

Message:

From:

Name:
Email:

To:

Name:
Email:

Comment:

 

Down payment: $  
Interest Rate: %  
Amortization :  Years
Payment Frequency:
Your Payment:
This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE NRC REALTY

310 ST. PAUL Stre , St. Catharines, L2R 3M9, Niagara


 
 Book Showing   Email a Friend 
Jump To:
At a Glance:
Type: Com - Store W Apt/Office
Area: Niagara
Municipality: St. Catharines
Neighbourhood: 451 - Downtown
Style:
Lot Size: x 198.24(Feet)
Approximate Age:
Tax: $12,993.3
Maintenance Fee: $0
Beds: 0
Baths: 4
Garage: 0
Fireplace: N
Air Conditioning:
Pool:
Locatin Map:
View Larger Map
Payment Calculator:
Price:
Down Payment: %
Rate: %
Amortization:  Years
Frequency
Calculate
Down Payment:
Mortgage Payment:
This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Listing info
Description
General Details
Property Detail
Financial Info
Utilities and more
Get More Info:
Book Showing
Request More Info
Email Friend
Photos and movies:
View Slide Show
View All Photos
Calculator:
Affordability Chart
Mortgage Calculator
More To Do:
Print This Page

Listing added to compare list, click here  to view comparison chart.
!-- start of askavenue script -->