259 ST. PAUL Street , St. Catharines

Bed / $15,400,000 / MLS® #:30638806

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BEAUTIFUL 75 BRAND NEW UNIT APARTMENT BUILDING PLUS 5 BRAND NEW RESTAURANTS. 73,000 SQUARE FEET, 6 STOREY, CONCRETE STRUCTURE, SOLID BRICK. FULL 9 FOOT HIGH BASEMENT (13,000 SQUARE FEET). ALL NEWER APARTMENTS, NEW ELECTRICAL, PLUMBING, HVAC, INDIVIDUAL HEAT PUMPS, WINDOWS, KITCHENS, BATHROOMS, CERAMIC FLOORS, INSTITUTIONAL GRADE INVESTMENT PROPERTY SHOWS A GUARANTEED 5.3% CAP RATE, 7.5% RETURN ON INVESTED CAPITAL AND A 15.2% INTERNAL RATE OF RETURN. A PRIME INVESTMENT IN THE HEART OF THE ENTERTAINMENT DISTRICT DOWNTOWN ST. CATHARINES. EXISTING FINANCING AVAILABLE., Directions:ST. PAUL STREET BETWEEN CARLISLE STREET AND GARDEN PARK., Exclusions:

Property Details

Property Type Store with Apartment/Office
Property Style N/A
Square Feet 10,000+
Property Tax $N/A
Maintenance N/A
Days On Our Website 144
Basement
Kitchens
Garages
Pool N/A
Fireplaces
Air Conditioning No
Heating - Heat Pump
Exterior
Garage Type None
Sewers Sanitary
Water Municipal

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

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