Listing Presented by MAUREEN MCIVOR, Sales Representative with Garden City Realty Inc., Brokerage Fonthill  (905) 892-9090
Map & Directions
Request a Showing
Contact:MAUREEN MCIVOR, Sales Representative
Garden City Realty Inc., Brokerage Fonthill
Direct Line:(905) 892-9090
Fax:(905) 892-0000
Mortgage Calculator
Enter your corresponding mortgage information in the boxes below. You must enter the "mortgage amount", "fixed interest rate", and "term of loan". Taxes and Insurance are optional. Your results will be automatically shown in the boxes below Calculator Results.
Mortgage Amount [?]
Fixed Interest Rate [?]
Term of Loan [?]
Annual Taxes [?]
Annual Insurance [?]
Fees [?]
Results
Monthly Principal [?]
Monthly Taxes [?]
Monthly Insurance [?]
Total Payment [?]
MLS®#: 30779834 $16,900,000 259 ST. PAUL Street ST. CATHARINES ON L2R 3M7
Active
Description: 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.
Directions: ST. PAUL STREET BETWEEN CARLISLE STREET AND GARDEN PARK.
Property Type:
COMMERCIAL
Property Sub-Type:
Store with Apartment/Office
Area:
St. Catharines
Square Feet:
73000
Garage/Parking:
None
County:
Niagara
Acres:
< 0.5
Lot Dimensions:
127.50 X 110.00
Tax Year:
2018
Heat:
Heat Pump
Sewer:
Sanitary
Water:
Municipal


Financing:
Taxes:
$73,396.00

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

Trademarks owned or controlled by The Canadian Real Estate Association. Used under license.


Information Deemed Reliable But Not Guaranteed.
Niagara MLS Last Updated: 2/24/2020 11:22:58 AM
Niagara MLS Last Updated: 2/24/2020 11:15:31 AM
Niagara MLS Last Updated: 2/24/2020 10:34:27 AM
Niagara MLS Last Updated: 2/24/2020 10:22:32 AM
REALTOR® Assoc. of Hamilton-Burlington Last Updated: 2/24/2020 10:46:08 AM
Each office Independently owned and operated
RE/MAX Garden City Realty Inc., Brokerage
121 HIGHWAY 20 EAST
FONTHILL, ONTARIO ON  L0S-1E0
(905) 892-9090
Real Estate License # 03050000