15 Wellington Street St. Catharines (451 - Downtown), Ontario L2R 5P7
$1,295,000
Prime investment opportunity in the heart of downtown St. Catharines. This 18-room rental property spans a total gross floor area of +/-6651 sq.ft (618 sqm). Currently rented at $500 - $875 per room, with potential to add another room, this building offers a robust income stream with multiple opportunities for optimization.\r\nThe property is equipped with fibre optic internet infrastructure, providing reliable, hardwired connections to every bedroom. Security features include trackable key card and punch code entry at each exterior door, with locked doors for every bedroom. Located only 900 meters from the St. Catharines bus terminal (a 12-minute walk), the property is situated in a highly walkable neighborhood close to various amenities.\r\nBuilding construction is resilient to damage, ensuring minimal maintenance and straightforward property management. There are significant opportunities to enhance net operating income through streamlined operations, tenant demographic adjustments, and other efficiencies.\r\nProperty includes full kitchen and laundry facilities on each floor. The upper level features 10 bedrooms, 3 full baths, 1 individual shower, and 1 half bath. The lower level houses 8 bedrooms with potential for a 9th, along with 3 individual showers and 3 half baths. (id:41589)
Property Details
| MLS® Number | X9411911 |
| Property Type | Business |
| Community Name | 451 - Downtown |
| Amenities Near By | Public Transit |
| Features | Laundry- Coin Operated |
| Parking Space Total | 3 |
Building
| Bathroom Total | 7 |
| Appliances | Dryer, Microwave, Refrigerator, Two Stoves, Two Washers, Window Coverings |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Concrete |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat |
| Size Interior | 6650 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Public Transit |
| Sewer | Sanitary Sewer |
| Size Irregular | Unit=39.99 X 100 Acre |
| Size Total Text | Unit=39.99 X 100 Acre|under 1/2 Acre |
| Zoning Description | C1-93 |
Todd Crawford
Broker
82 Lake Street, Unit 200
St. Catharines, Ontario L2R 5X4
(905) 354-7413
(905) 354-8798
www.collierscanada.com/
Todd Garvie
Salesperson
105 Merritt Street
St. Catharines, Ontario L2T 1J7
(905) 937-3835
(905) 680-5445
www.revelrealty.ca/
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November 17 2024 02:39:15
Niagara Association of REALTORS®
Colliers International Niagara Ltd., Revel Realty Inc., Brokerage