255 Church St , St. Catharines, ON L2R 3E8
St. Catharines, ON L2R 3E8
Description
This solid 2-storey brick building is a prime investment opportunity just outside of a vibrant downtown St. Catharines core. The main floor and basement are currently on a triple net lease with $24,000 annual as 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, insurance, gas, and maintenance. The basement adds to property's potential, offering storage or expansion opportunities. The 2nd floor is zoned residential with 2 bedrooms, living room, 4pc bath, kitchen, and laundry currently being rented for an annual income of $14,928. The total rental income is $38,928 annual, ensuring full tenancy for the entire building. With a solid tenant base, a charming facade, and zoned M1, M3 with endless possibilities for the future, this building presents a fantastic investment opportunity in a neighbourhood on the rise!
Details
| MLS# | X8104872 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 325 |
| Listing Provided By | ROYAL LEPAGE NRC REALTY | BackAtYou |
Features
| Zoning | M1, M3 |
|---|
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Learn More About This Property
| State | ON |
|---|---|
| County | St. Catharines |
| City | St. Catharines |
| Zip Code | L2R 3E8 |
| Area | Niagara |
| Listing VS Median (in L2R 3E8) | |
Price: $765,000 low | high Med: $639,500 On Site: 325 low | high Med: 12.000000 | |
