310-314 St Paul St E - Storefront Retail/Residential FOR SALE


St Catharines, ON L2R 3N2
$1,200,000 CAD
905-397-2980
310-314 St Paul St E, St Catharines, ON for Sale
$1,200,000 CAD
Storefront Retail/Residential - FOR SALE
1/2
null | Request Cap Rate

310-314 St Paul St E
St Catharines, ON L2R 3N2


OVERVIEW

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 tenants. While the apartments need updating and conversion costs to return to four units, the property’s 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.

FOR SALE DETAILS

PRICE

$1,200,000 CAD

PRICE/SF

$80 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1912

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C6

APN/PARCEL ID

262904000308200

ASK ABOUT THIS PROPERTY

Doug McNaughtonRoyal LePage NRC RealtyMore Info
905-397-2980

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Doug McNaughtonRoyal LePage NRC RealtyMore Info
905-397-2980

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