Listing Presented by DEREK ABRAHAMS, Sales Representative with Garden City Realty Inc., Brokerage St.Catharines  (905) 641-1110
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Contact:DEREK ABRAHAMS, Sales Representative
Garden City Realty Inc., Brokerage St.Catharines
Direct Line:(905) 641-1110
Mobile:(905) 988-8787
Fax:(905) 684-1321
Voice Mail:(905) 323-7021
MLS®#: 30710602 $16,400,000 259 ST. PAUL Street ST. CATHARINES ON L2R 3M7
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Description: BEAUTIFUL 75 BRAND NEW UNIT APARTMENT BUILDING PLUS 5 BRAND NEW RESTAURANTS. 73,000 SQUARE FEET, 6 STOREY, CONCRETE STRUCTURE, SOLID BRICK. FULL 9 FOOT HIGH BASEMENT (13,000 SQUARE FEET). ALL NEWER APARTMENTS, NEW ELECTRICAL, PLUMBING, HVAC, INDIVIDUAL HEAT PUMPS, WINDOWS, KITCHENS, BATHROOMS, CERAMIC FLOORS. INSTITUTIONAL GRADE INVESTMENT PROPERTY SHOWS A GUARANTEED 5% CAP RATE, 8.49% RETURN ON INVESTED CAPITAL AND A 14.85% INTERNAL RATE OF RETURN. A PRIME INVESTMENT IN THE HEART OF THE ENTERTAINMENT DISTRICT DOWNTOWN ST. CATHARINES. EXISTING FINANCING AVAILABLE.
Directions: ST. PAUL STREET BETWEEN CARLISLE STREET AND GARDEN PARK.
Property Type:
COMMERCIAL
Property Sub-Type:
Investment
Area:
St. Catharines
Square Feet:
73000
Garage/Parking:
None
Acres:
< 0.5
Lot Dimensions:
127.50 X 110.00
Tax Year:
2018
Heat:
Heat Pump
Sewer:
Sanitary
Water:
Municipal


Financing:
Taxes:
$73,396.00

Listing Provided By:
List Office: RE/MAX GARDEN CITY REALTY INC, BROKERAGE