310 Saint Paul Street, St. Catharines | Image 1

310 Saint Paul Street

St. Catharines, 451 - Downtown

  • Commercial

$X,XXX,XXX
For Sale

Added 1 month ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Zoning: C6

  • Age: No Data

  • Taxes: 12993.3

  • MLS®#: X9413152

  • Days on Site: 32 Days

  • Added: Sep 16, 2024 (1 month ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: ROYAL LEPAGE NRC REALTY

TREMENDOUS INVESTMENT OPPORTUNITY: ATTRACTIVE VTB MORTGAGE AT 8% FOR UP TO TWO YEARS WITH 300,000 DOWN PAYMENT. ALSO THE INSURANCE IS ALREADY IN PLACE FOR THE NEW OWNER WITH A QUICK ASSIGNMENT. Potential income: Existing tenant commercial $1,510/mo or $18,120 per year (net rent) New Tenant for restaurant $4,000/mo or $48,000 per year (net rent) New residential tenants (4) $8,000/mo or $96,000 per year (after renovations) gross TOTAL POTENTIAL RENT $13,510/MO OR $162,000 PER YEAR AFTER RENOVATIONS In the vibrant heart of Downtown St. Catharines, THIS PRIME PROPERTY OFFERS AN EXCEPTIONAL INVESTMENT OPPORTUNITY. It features two commercial units on the ground floor, including a thriving restaurant and bar (estimated value over $200,000) with two upper-level apartments, each unit is equipped with its own gas furnace and separate hydro meters. The property also includes a full basement. 12' Restaurant ceiling, Roof restored, Residential flat roofing - 2010. All municipal services, ensuring convenience for both owners and tenants. While the apartments need updating and conversion costs to return to four units, the property's strategic location ensures high visibility and accessibility, with parking at the rear for 10 vehicles and the potential to add more apartment units, this mixed-use property is poised for significant value appreciation and long-term profitability. DON'T MISS THE CHANCE TO INVEST IN A CORNERSTONE OF ONE OF NIAGARA'S MOST DYNAMIC MARKETS.

Property

  • Status: Sale

  • Property Type: Sale Of Business

  • Property Type: With Property

  • Area: St. Catharines

  • Community: 451 - Downtown

  • Availability Date: 30TO59

  • Assessment Amount: $409,000

  • Assessment Year: 2024

Building

  • Basement: Y

  • Water Supply: Municipal

Fees

  • Tax Year: 2024

  • Tax Legal Description: LT 103 CP PL 2 GRANTHAM; ST. CATHARINES

  • Taxes: $12,993

Land

  • Cross Street: 310 St. Paul Street.

  • Municipality District: St. Catharines

  • Parcel Number: 462180038

  • Sewer: Sewers

  • Lot Frontage: 37.5

  • Zoning: C6

Commercial Specific

  • Total Area: 8482.78

  • Total Area Metric: Sq Ft

  • Area Influence: Public Transit

JK-8

St Nicholas Catholic Elementary School

Elementary: Catholic
0.47 km
JK-8

Edith Cavell Public School

Elementary: Public
1.47 km
JK-8

Connaught Public School

Elementary: Public
1.19 km
JK-8

ÉÉC Immaculée-Conception

Elementary: Catholic
0.51 km
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St Denis Catholic Elementary School

Elementary: Catholic
1.62 km
JK-8

Harriet Tubman Public School

Elementary: Public
1.17 km
9-12

DSBN Academy

Secondary: Public
2.66 km
9-12

St Catharines Collegiate Institute and Vocational School

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0.87 km
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Laura Secord Secondary School

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2.98 km
9-12

Eden High School

Secondary: Public
3.63 km
9-12

Sir Winston Churchill Secondary School

Secondary: Public
2.21 km
Pre-Grade 9-12

Denis Morris Catholic High School

Secondary: Catholic
2.28 km
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