$765,000 $4,107 est/mo Sourced by Back At You

255 Church St,St. Catharines, ON L2R 3E8

St. Catharines ON, L2R 3E8

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Description

This solid 2-storey brick building is a prime investment opportunity just outside of a vibrant downtown St. Catharines core. The main floor and basement are currently on a triple net lease with $24,000 annual as base rent with a successful business, making it an attractive income-generating property from day one. The tenant pays CAM charges for commercial taxes, water, insurance, gas, and maintenance. The basement adds to property's potential, offering storage or expansion opportunities. The 2nd floor is zoned residential with 2 bedrooms, living room, 4pc bath, kitchen, and laundry currently being rented for an annual income of $14,928. The total rental income is $38,928 annual, ensuring full tenancy for the entire building. With a solid tenant base, a charming facade, and zoned M1, M3 with endless possibilities for the future, this building presents a fantastic investment opportunity in a neighbourhood on the rise!

Details

MLS#X8104872
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site105
Listing Provided ByROYAL LEPAGE NRC REALTY | BackAtYou

Features

ZoningM1, M3
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.

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Listings Checked: 14 minutes ago
ProvinceON
CountySt. Catharines
CitySt. Catharines
Postal CodeL2R 3E8
AreaNiagara
Listing VS Median (in L2R 3E8)
Price:
$765,000
low | high
Med:
$0
On Site:
105
low | high
Med:
Sourced by Back At You
Listing Updated: March 18, 2024 at 9:54:11 PM PDT