MLS®: 30645751 Status: For sale

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$4,800,000
Location:

298 Glenridge Avenue, St. Catharines Ontario, L2T3K4

298 Glenridge Avenue, St. Catharines Ontario
Description:
St.Catharines Student Housing - This property has under gone significant renovations and additions over the last year and a half. Most notably is the addition of the third floor. The addition allowed the owners to increase the site density from 40 beds to 60 beds with 24 bathrooms spread over 12 individual units. The property is split up into two blocks of buildings, one with 8 units and the other with 4 units, both properties are located on a 120 x 227.95 corner lot, the combined building size is just under 20,000 sqft. Each of the 12 units have two entrances, 5 bedrooms, two bathrooms (4pc and 3 pc bath) in-suite washer and dryer, stainless fridge, dishwasher and stove. Complex highlights; 22 parking spaces, molok waste collection system, new drainage and catch basins, replacement windows, new asphalt shingles, new asphalt and concrete curbing in the parking lot, Individual forced air high efficiency furnace and a/c units, Exterior security cameras that are monitored by the owners and property management via smart phone/computer. Capital work and major repairs and maintenance expenses should be minimal moving forward. If you are looking to increase your portfolio in student housing, or currently investing in Multi-Family properties and frustrated with the lack of available product, this property and the city of St.Catharines deserve your attention. (id:2471)
Property:
Type: Multi-family
Acreage: 1/2 - 1.99 acres
Utility Types Available: Water (Available)
Sewer: Storm sewerWater: Municipal water
Parking Type: No Garage
Structure:
Style: Row / TownhouseSquare Footage: 19203 sqft
Heating: Forced air
Heating Type: Natural gas
Cooling Type: Air Conditioned, Central air conditioning
Exterior: Brick, Vinyl siding
Foundation Type: Block
Features:
Paved driveway     
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298 Glenridge Avenue, St. Catharines Ontario

RE/MAX Advantage Realty Ltd. Brokerage - London

Didier Rottier
Sales Representative

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