Extremely rare investment opportunity with up to 9 rental units, retail, residential, a long established appliance sale repair business 1976 is included and further possible land development.


Property

Website:https://www.nestseekers.com/5605392
Address:
St. Catharines L2T 1K5
Canada
Ownership: For Sale
Type: Unknown

Financials

Price:C2,500,000
($1,759,100)
(€1,538,600)
Annual Taxes:C22,037.52

Description

Extremely rare investment opportunity with up to 9 rental units, retail, residential, a long established appliance sale/repair business (1976) is included and further possible land development. The property currently includes 3 retail storefronts, one restaurant/bar with parking, 4 residential apartments, a fenced rear compound lot, further parking lot and an onsite detached house with private parking. This exclusive land assembly offering demonstrating pride of ownership, presents a rare opportunity to acquire a strategically assembled portfolio of up to 5 income-producing mixed-use properties stretching over 1 full block of street frontage free city street parking, 198 ft deep lot and a strong combination of commercial and residential revenue streams. Positioned within established and evolving markets on a thriving main arterial route servicing south St. Catharines. The portfolio offers immediate cash flow, long-term stability, and significant upside potential for both private and institutional investors. Buyer to do their own due diligence regarding the potential for a scaled townhouse build at the rear of the property on Walnut Lane. Parking potential or 15 or more vehicles updated furnace and roof, floor plans available.24 hrs notice for showings

Amenities

  • Major Highway
  • Public Transit

Contact

Angelo Ferlisi
9 Queen Street Unit 7, Cookstown, Ontario