2 South Drive, St. Catharines | Image 1

2 South Drive

St. Catharines

  • Commercial

$1,900,000
For Sale

Added 3 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-2 To 5 Units

  • Zoning: R3

  • Age: 51-99 years

  • Taxes: 3080

  • MLS®#: X8455136

  • Days on Site: 1 Days

  • Added: Jun 17, 2024 (3 months ago)

  • Updated:

  • Last Checked: 9 hours ago

  • Listed By: RIGHT AT HOME REALTY

Welcome to a prime investment opportunity in the heart of St Catharines, Ontario, located in the desirable Glenridge community known for its strong rental demand and stable property values. This centrally-located property features five well-maintained apartment units, each separately metered and fully turn-key. With all units currently tenanted with nearly all rents up-to-date, this property promises an immediate and steady income. Proximity to Brock University makes this property particularly attractive for students, faculty, and staff. Tenants will appreciate easy access to shopping, nature trails, and other local amenities such as the nearby Meridian Centre and St Catharine's Golf & Country Club, in addition to central transit and four local bus routes. Additionally, quick access to major highways ensures easy travel throughout the region.

Extras

Five surface parking spots available for tenants, along with a large backyard providing additional outdoor space. The property also features coin-operated laundry facilities and dry storage in the basement.

Property

  • Status: Sale

  • Type: Apts-2 To 5 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Age: 51-99

  • Area: St. Catharines

  • Availability Date: TBA

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Available

Building

  • Basement: Y

  • Heat Type: Radiant

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2024

  • Taxes: $3,080

  • Taxes Type: Annual

Land

  • Cross Street: Westchester/South Dr

  • Municipality District: St. Catharines

  • Parcel Number: 463360047

  • Lot Depth: 141 Feet

  • Lot Frontage: 50 Feet

  • Zoning: R3

Commercial Specific

  • Total Area: 7341

  • Total Area Metric: Sq Ft

  • Area Influence: Grnbelt/Conserv

  • Area Influence: Major Highway

  • Lot Code: Lot

JK-8

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