Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
Listing photo for 259 St. Paul Street, St. Catharines, ON
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259 St. Paul Street,

St. Catharines, ON $16,900,000

$16,900,000

0.30 Acre

BEAUTIFULLY RENOVATED 75 UNIT APARTMENT BUILDING PLUS 5 NEW RESTAURANTS. 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, 10.50% RETURN ON INVESTED CAPITAL AND A 14.85 % INTERNAL RATE OF RETUR WITH A POTENTIAL ADDITIONAL INCOME OF $48,000 PER YEAR. A PRIME INVESTMENT IN THE HEART OF THE ENTERTAINMENT DISTRICT DOWNTOWN ST. CATHARINES. EXISTING FINANCING @2.45%. SELLER WILL MANAGE PROPERTY. POTENTIAL TO ADD 7 FLOORS; 70 APARTMENTs.

Facts & Features
MLS® # 30779834
Price $16,900,000
Bathrooms 0.00
Acres 0.30
Type Commercial Sale
Sub-Type Store with Apt/Office
Status Active
Community Information
Address 259 St. Paul Street
Area 4 - St. Catharines
Subdivision 447 - St. Catharines Downtown
City St. Catharines
County Niagara
Province ON
Postal Code L2R 3M7
Amenities
Utilities Yes
Parking None
Is Waterfront No
Has Pool No
Interior
Heating Heat Pump
Fireplace No
Has Basement Yes
Additional Information
Days on Market 182
Foreclosure No
Short Sale No
RE / Bank Owned No
Listing Details
Office RE/MAX GARDEN CITY REALTY INC, BROKERAGE
Photo of Brian Van Bart

Brian Van Bart

Office: 519 657 2020

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