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$1,200,000
Status: For Sale
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
| Property Type | :Commercial |
|---|---|
| MLS Number | :X9365117 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :24 Sep, 2024 (93 Days ago) |
| Source | :TRREB |
| Area | :Niagara |
|---|---|
| Postal Code | :
L2R 3M9
|
| Price | : $1,200,000 |
|---|---|
| Property Taxes | :$12993.30 |
| Tax Year | :2024 |
|---|
| Cross Street | :St. Paul Street |
|---|
| Fireplace/Stove | :No |
|---|
24 Sep, 2024
TREB #X9365117
Available
$1200000.0
