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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®#: 30645751 $4,800,000 298 GLENRIDGE Avenue ST. CATHARINES ON L2T 3K4
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Description: St.Catharines Student Housing - This property has under gone significant renovations and additions over the last year and a half. Most notably is the addition of the third floor. The addition allowed the owners to increase the site density from 40 beds to 60 beds with 24 bathrooms spread over 12 individual units. The property is split up into two blocks of buildings, one with 8 units and the other with 4 units, both properties are located on a 120 x 227.95 corner lot, the combined building size is just under 20,000 sqft. Each of the 12 units have two entrances, 5 bedrooms, two bathrooms (4pc and 3 pc bath) in-suite washer and dryer, stainless fridge, dishwasher and stove.Complex highlights; 22 parking spaces, molok waste collection system, new drainage and catch basins, replacement windows, new asphalt shingles, new asphalt and concrete curbing in the parking lot, Individual forced air high efficiency furnace and a/c units, Exterior security cameras that are monitored by the owners and property management via smart phone/computer.Capital work and major repairs and maintenance expenses should be minimal moving forward.If you are looking to increase your portfolio in student housing, or currently investing in Multi-Family properties and frustrated with the lack of available product, this property and the city of St.Catharines deserve your attention.
Directions: Corner of Glenridge & Glendale
Property Type:
MULTI-RESIDENTIAL
Property Sub-Type:
12 + Units
Area:
St. Catharines
Square Feet:
19203
Age Description:
31-50 Years
Basement:
Walk-Out
Garage/Parking:
None
County:
Niagara
Acres:
0.50 1.99
Lot Dimensions:
227.96 X 120.00
Tax Year:
2017
Basement Dim:
Full
Architecture:
Attached/Row/
Cooling:
Central Air
Exterior:
Board & Batten,Brick,Vinyl Siding
Heat:
Gas - Forced Air
Roof:
Asphalt Shingle
Sewer:
Storm
Style:
2 1/2 Storey
Water:
Municipal
Ownership:
Freehold


Financing:
Taxes:
$24,000.00

FEATURES: Basement, Central Air
Listing Provided By:
List Office: RE/MAX GARDEN CITY REALTY INC, BROKERAGE