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NANCY GRAZIANI

Sales Representative

  • (905) 892-9090
  • (905) 714-4130
NANCY GRAZIANI
Listing Presented by NANCY GRAZIANI, Sales Representative with Garden City Realty Inc., Brokerage Fonthill  (905) 892-9090
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Contact:NANCY GRAZIANI, Sales Representative
Garden City Realty Inc., Brokerage Fonthill
Direct Line:(905) 892-9090
Mobile:(905) 714-4130
Fax:(905) 892-0000
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MLS®#: 30588465 $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, 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.
Directions: ST. PAUL STREET BETWEEN CARLISLE STREET AND GARDEN PARK.
Property Type:
COMMERCIAL
Property Sub-Type:
Store with Apartment/Office
Area:
St. Catharines
Square Feet:
73000
Garage/Parking:
None
County:
Niagara
Acres:
< 0.5
Lot Dimensions:
127.50 X 110.00
Tax Year:
2017
Heat:
Heat Pump
Sewer:
Sanitary
Water:
Municipal


Financing:
Taxes:
$73,396.00

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