LOADING

259 St. Paul Street , St Catharines, Ontario L2R 3M7

$16,400,000.00 73000 sqft

73000 sqft
Air Conditioned

$16,400,000.00

BEAUTIFUL 75 BRAND NEW UNIT APARTMENT BUILDING PLUS 5 BRAND NEW RESTAURANTS. 73,000 SQUARE FEET, 6 STOREY, CONCRETE STRUCTURE, SOLID BRICK, POTENTIAL TO ADD SEVEN FLOORS (70 UNITS). 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, 8.33% RETURN ON INVESTED CAPITAL AND A 12.66% INTERNAL RATE OF RETURN. A PRIME INVESTMENT IN THE HEART OF THE ENTERTAINMENT DISTRICT DOWNTOWN ST. CATHARINES. EXISTING FINANCING AVAILABLE.

Building

Cooling Type Air Conditioned
Fireplace Present No
Size Interior 73000 Sqft
Utility Water Municipal Water

Land

Access Type Highway Access
Acreage No
Land Amenities Public Transit, Recreation
Sewer Sanitary Sewer
Size Depth 110 Ft
Size Frontage 127 Ft
Size Irregular 0.3
Size Total 0.3 Ac|under 1/2 Acre
Size Total Text 0.3 Ac|under 1/2 Acre
Zoning Description C5

Business

Business Type Other

Property Details

MLS ID 30588465
Amenities Near By Public Transit, Recreation
Community Features Community Centre
Features Elevator, Passenger Elevator

Listing courtesy of

RE/MAX GARDEN CITY REALTY INC, BROKERAGE

Interested?

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