31-35 ONTARIO Street St. Catharines, ON

This Turn Key investment offers excellent growth potential through the intense revitalization of Downtown St. Catharines as well as tremendous upside potential in the increase of the very low market rents on the property. The property offers over 47 feet of frontage at one of the busiest intersections in the Niagara Region. With approx 6,500 sq.ft. this building features 2100 sqft of commercial space comprised of two storefronts currently rented as one unit, as well as 6 residential apartments above. The apartments underwent a major renovation in 2010, with all the following work completed: separate 200 amp three phase electrical service, all units have own hydro meter & 100 amp breaker panel in unit, fully upgraded plumbing drains & risers, hardwood flooring & tiling in each unit (no carpet in this building!) high efficiency boiler & storage tank, new façade complete with brick knee wall, thermal glass & stucco header, fire upgrades including pull stations, fire shutters, wired glass windows & fire safety plan, many bathroom fixture & kitchen upgrades including newer appliances, & a shared coin operated laundry room. Excellent tenant base with very minimal work to upkeep. Main floor underwent major renovation in 2014 with wall to wall renovations. Features include High efficiency furnace, HRV, Air conditioning, separate 200 amp electrical service, large kitchen area, 3 offices, 2 boardrooms, rear patio complete with interlocking stone & gardens, Roof 2014.


Property Type:
Other

Information Request

  • $1,295,000
  • Surfaced
  • MLS® ID: 30570916
  • For sale
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Team Member

shawn

Shawn de Laat

Sales Representative/Team Leader