$ 1,200,000
310 St. Paul ST St. Catharines, ON L2R 3M9
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$ 1,200,000
Est. payment /mo
Active
310 St. Paul ST St. Catharines, ON L2R 3M9
8,483 SqFt
UPDATED:
09/24/2024 06:24 PM
Key Details
Property Type Commercial
Sub Type Store W Apt/Office
Listing Status Active
Purchase Type For Sale
Square Footage 8,483 sqft
Price per Sqft $141
MLS Listing ID X9365117
Annual Tax Amount $12,993
Tax Year 2024
Property Description
TREMENDOUS INVESTMENT OPPORTUNITY: ATTRACTIVE VTB MORTGAGE AT 8% 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) gross TOTAL POTENTIAL RENT $13,510/MO OR $162,000 PER YEAR AFTER RENOVATIONS In 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. The property also includes a full basement. 12' Restaurant ceiling, Roof restored, Residential flat roofing 2010. All municipal services, ensuring convenience for both owners and tenant
Location
State ON
County Niagara
Zoning C6
Interior
Cooling No
Exterior
Utilities Available Available
Parking Type None
Others
Security Features No
Listed by Royal LePage NRC Realty