Property Information:
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! **** EXTRAS **** Updates: Current owner updated front facade, upper windows, interior/exterior paint, front door, interior/exterior lighting, 200amp 3-phase breaker panel, plumbing, and boiler in 2019. (id:7525)
Building Features:
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Style:
Retail
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Air Conditioning:
Yes
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Floor Space:
3750 Square Feet
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Cooling Type:
Fully air conditioned
