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FRANK SPANO

Sales Representative
100% Club, Platinum Club
Phone:(905) 323-7043
Fax:(905) 684-1321

Garden City Realty Inc., Brokerage St.Catharines

145 CARLTON STREET, BOX 1448,
ST. CATHARINES, ONTARIO ON
L2R-7J8
CA

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Listing Presented by FRANK SPANO, Sales Representative with Garden City Realty Inc., Brokerage St.Catharines  (905) 323-7043
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Contact:FRANK SPANO, Sales Representative
Garden City Realty Inc., Brokerage St.Catharines
Direct Line:(905) 323-7043
Fax:(905) 684-1321
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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
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Trademarks owned or controlled by The Canadian Real Estate Association. Used under license.


Information Deemed Reliable But Not Guaranteed.
Niagara MLS Last Updated: 12/15/2017 12:22:32 AM
Niagara MLS Last Updated: 12/15/2017 12:04:16 AM
Niagara MLS Last Updated: 12/15/2017 12:14:40 AM
REALTOR® Assoc. of Hamilton-Burlington Last Updated: 12/14/2017 11:00:12 PM
RE/MAX Garden City Realty Inc., Brokerage
145 CARLTON STREET, BOX 1448
ST. CATHARINES, ONTARIO ON  L2R-7J8
(905) 641-1110
Real Estate License # 4744675