Property Information:
Capitalize on this prime location and versatile property at 74-76 St. Paul St in downtown St. Catharines! This unique mixed-use building currently has 4 residential units but offers C6 zoning, allowing for a seamless transition to a commercial space if desired. All 4 units are leased, ensuring immediate income. Untapped potential in the approx 1500sqft unfinished basement! Substantial parking advantage with a lot at the rear off of David S. Howes Way, for 6 parking spaces - a coveted commodity in the downtown area. Location is key, and this building has it all. Nestled against the Meridian Centre, the property enjoys a dynamic atmosphere. The strategic positioning on an easy bus route for Brock U and Niagara College students further enhances its desirability. With approx $71,256.00 annual current rental income, potential for commercial conversion, ample parking, and proximity to entertainment and education hubs, this property boasts a myriad of possibilities for the astute investor. **** EXTRAS **** Notes: Grandfathered privileges permit residential use on the main floor, so property taxes are lower than typical commercial space! Front & Upper windows (2023), 400amp breaker (each unit has 100amp panel). (id:7525)
Building Features:
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Style:
Multiplex
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Building Type:
Fourplex
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Basement Development:
Unfinished
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Basement Type:
Full
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Exterior Finish:
Concrete
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Heating Type:
Forced air
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Heating Fuel:
Natural gas
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Cooling Type:
Central air conditioning
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Appliances:
Refrigerator, Stove, Two stoves
