255 Church St - Storefront Retail/Residential FOR SALE


St Catharines, ON L2R 3E8- Central District
$639,500 CAD
905-380-3233
255 Church St, St Catharines, ON for Sale
$639,500 CAD
Storefront Retail/Residential - FOR SALE
1/3
null | 6.01% Cap Rate

255 Church St
St Catharines, ON L2R 3E8
Central District


HIGHLIGHTS

  • Easily accessible.

OVERVIEW

This solid 2-storey brick building is a prime investment opportunity situated in an up-and-coming neighourhood in the vibrant downtown St. Catharines community. The main floor and basement of this commercial gem are currently on a triple net lease with $24,000 annual base rent with a successful business, making it an attractive income-generating property from day one. The tenant pays CAM charges for commercial taxes, water, commercial insurance, commercial gas, and cleaning. The large basement adds to the property's potential, offering ample storage or expansion opportunities for a savvy investor. The second floor is zoned residential with 2 bedrooms, living room, a 4-piece bathroom, kitchen, and laundry currently being rented for an annual rental income of $14,928. The total rental income is $38,928 annual, ensuring full tenancy for the entire building. This unique setup provides flexibility for the current tenant or opens up possibilities for a variety of uses.

FOR SALE DETAILS

PRICE

$639,500 CAD

PRICE/SF

$171 CAD /SF

CAP RATE

6.01%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,526 SF

ZONING

M1, M3

APN/PARCEL ID

262903000709600

ASK ABOUT THIS PROPERTY

Natalie KeshavarzniaRoyal LePage NRC RealtyMore Info
905-380-3233

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Natalie KeshavarzniaRoyal LePage NRC RealtyMore Info
905-380-3233

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.