298 GLENRIDGE Avenue , St. Catharines

Bed / $4,800,000 / MLS® #:30645751

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St.Catharines Student Housing - This property has under gone significant renovations and additions over the last year and a half. Most notably is the addition of the third floor. The addition allowed the owners to increase the site density from 40 beds to 60 beds with 24 bathrooms spread over 12 individual units. The property is split up into two blocks of buildings, one with 8 units and the other with 4 units, both properties are located on a 120’ x 227.95’ corner lot, the combined building size is just under 20,000 sqft. Each of the 12 units have two entrances, 5 bedrooms, two bathrooms (4pc and 3 pc bath) in-suite washer and dryer, stainless fridge, dishwasher and stove. Complex highlights; 22 parking spaces, molok waste collection system, new drainage and catch basins, replacement windows, new asphalt shingles, new asphalt and concrete curbing in the parking lot, Individual forced air high efficiency furnace and a/c units, Exterior security cameras that are monitored by the owners and property management via smart phone/computer. Capital work and major repairs and maintenance expenses should be minimal moving forward. If you are looking to increase your portfolio in student housing, or currently investing in Multi-Family properties and frustrated with the lack of available product, this property and the city of St.Catharines deserve your attention., Directions:Corner of Glenridge & Glendale, Exclusions:

Property Details

Property Type Attached/Row/
Property Style 2 1/2 Storey
Square Feet 10,000+
Property Tax $N/A
Maintenance N/A
Days On Our Website 104
Basement Fully Finished - Walk-Out Full
Kitchens
Garages
Pool N/A
Fireplaces
Air Conditioning Yes
Heating Gas - Forced Air
Exterior Board & Batten,Brick,Vinyl Siding
Garage Type None
Sewers Storm
Water Municipal

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

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