Added 2 months ago
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Type: Investment
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Property Type: Commercial
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Zoning: R3
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Age: 51-99 years
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Taxes: 18848.87
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MLS®#: X9413854
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Days on Site: 61 Days
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Added: Sep 17, 2024 (2 months ago)
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Updated:
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Last Checked: 12 hours ago
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Listed By: SOTHEBY'S INTERNATIONAL REALTY, BROKERAGE
Step into the practicality and comfort of 26 Gale Crescent, a modest yet well-appointed three-story apartment building. This sturdy structure boasts a commitment to upkeep, evident in its neatly maintained premises. Security is a priority here, with surveillance cameras strategically placed in the interior and exterior of the building. The building contains 12 units, with 8 recently renovated and vacant. Each unit is equipped with its own meter, offering residents the convenience of managing their own utilities independently. Parking is hassle-free, with plenty of space available at the rear of the building. Recent updates made to the mechanical room. This property comes with a commendable cap rate exceeding 6% which makes this investment opportunity stand out in the market.Don't overlook the potential of owning this building. Seize the opportunity before it's gone!
Property
Status: Sale
Property Type: Investment
Age: 51-99
Area: St. Catharines
Community: 450 - E. Chester
Availability Date: Immediate
Assessment Amount: $612,000
Assessment Year: 2024
Inside
Air Conditioning: None
Building
Basement: Y
Heat Type: Radiant
Water Supply: Municipal
Parking
Garage Type: Detached
Covered Parking Spaces: 8
Fees
Tax Year: 2023
Tax Legal Description: PT LT 3551 CP PL 2 GRANTHAM AS IN RO817820 S/T THE RIGHTS OF OWN
Taxes: $18,849
Expenses: Est
Insurance Fee: 8374
Hydro Expense: 3990
Heat Expenses: 1527
Land
Cross Street: Geneva Street right
Municipality District: St. Catharines
Parcel Number: 462640130
Sewer: Sewers
Lot Depth: 162.56 Feet
Lot Frontage: 68.09 Feet
Lot Irregularities: See Geowarehouse
Zoning: R3
Commercial Specific
Total Area: 10107
Total Area Metric: Sq Ft
St Nicholas Catholic Elementary School
Elementary: CatholicEdith Cavell Public School
Elementary: PublicConnaught Public School
Elementary: PublicÉÉC Immaculée-Conception
Elementary: CatholicSt Denis Catholic Elementary School
Elementary: CatholicHarriet Tubman Public School
Elementary: PublicDSBN Academy
Secondary: PublicSt Catharines Collegiate Institute and Vocational School
Secondary: PublicLaura Secord Secondary School
Secondary: PublicEden High School
Secondary: PublicSir Winston Churchill Secondary School
Secondary: PublicDenis Morris Catholic High School
Secondary: Catholic
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