MLS®: 30710602 Status: For sale

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$16,400,000
Location:

259 St. Paul Street, St. Catharines Ontario, L2R3M7

259 St. Paul Street, St. Catharines Ontario
Description:
BEAUTIFUL 75 BRAND NEW UNIT APARTMENT BUILDING PLUS 5 BRAND NEW RESTAURANTS. 73,000 SQUARE FEET, 6 STOREY, CONCRETE STRUCTURE, SOLID BRICK. 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, 8.49% RETURN ON INVESTED CAPITAL AND A 14.85% INTERNAL RATE OF RETURN. A PRIME INVESTMENT IN THE HEART OF THE ENTERTAINMENT DISTRICT DOWNTOWN ST. CATHARINES. EXISTING FINANCING AVAILABLE. (id:2471)
Property:
Type: Other
Lot Dimensions: 0.3Acreage: 0.3 ac|under 1/2 acre
Sewer: Sanitary sewerWater: Municipal water
Access: Highway access
Parking Type: No Garage
Structure:
Square Footage: 73000 sqft
Cooling Type: Air Conditioned
Features:
Community Centre     
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259 St. Paul Street, St. Catharines Ontario

RE/MAX Advantage Realty Ltd. Brokerage - London

Didier Rottier
Sales Representative

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519 649-6000

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519-520-8459



Listing Office: RE/MAX GARDEN CITY REALTY INC, BROKERAGE

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