175/181 Niagara Street, St. Catharines | Image 1

175/181 Niagara Street

St. Catharines

  • Commercial

$22,500,000
For Sale

Added 1 month ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: Commerical

  • Age: No Data

  • Taxes: 198000

  • MLS®#: X8166586

  • Days on Site: 17 Days

  • Added: Mar 20, 2024 (1 month ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: ENGEL & VOLKERS OAKVILLE

This property comprises two separate buildings and provides 147 thoughtfully designed suites for both assisted and independent living. The assisted living wing boasts 61 suites, offering residents peace of mind with its high level of security features and private outdoor spaces specially tailored to accommodate those with dementia and cognitive impairments. Meanwhile, the independent living building offers 86 suites, each providing private accommodations.Every unit is equipped with modern amenities to enhance quality of life, including newly upgraded four-piece bathrooms and kitchenettes complete with refrigerators and a newly installed phone system.It is conveniently located 100 ft door-to-door next to Dunlop Drive Centre for Older Adults. Downtown St. Catharines is just 2.2 km away. With zoning permitting additional development of up to 60 rooms, this property presents an enticing opportunity for expansion.

Extras

Well-managed facility, updated. Has an impeccable reputation with RHRA, fully sprinkled, with the newer roof of less than 5 years. Each unit has PTAC heating and an a/c unit, allowing it to get comfortable depending on personal preference.

Property

  • Status: Sale

  • Property Type: Investment

  • Property Type: Accommodation

  • Area: St. Catharines

  • Availability Date: Flexible

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Available

Building

  • Heat Type: Gas Forced Air Open

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT LT 11-12 RANGE 2 CY PL 17 GRANTHAM AS IN RO6989

  • Taxes: $198,000

  • Taxes Type: Annual

Land

  • Cross Street: Niagara St/ Queen El

  • Municipality District: St. Catharines

  • Parcel Number: 462710004

  • Lot Depth: 486 Feet

  • Lot Frontage: 235 Feet

  • Lot Irregularities: Irregular Shape

  • Zoning: Commerical

Commercial Specific

  • Total Area: 140000

  • Total Area Metric: Sq Ft

  • Lot Code: Lot

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