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333-341 Merritt Street St. Catharines, Ontario L2T 1K5

10,765 sqft
Partially Air Conditioned Baseboard Heaters, Hot Water Radiator Heat

$2,100,000

Extremely rare investment opportunity with up to 9 rental units, retail, residential, a long established appliance sale/repair business (1976) is included and further possible land development. The property currently includes 3 retail storefronts, one restaurant/bar with parking, 4 residential apartments, a fenced rear compound lot, further parking lot and an onsite detached house with private parking. This exclusive land assembly offering demonstrating pride of ownership, presents a rare opportunity to acquire a strategically assembled portfolio of up to 5 income-producing mixed-use properties stretching over 1 full block of street frontage free city street parking, 198 ft deep lot and a strong combination of commercial and residential revenue streams. Positioned within established and evolving markets on a thriving main arterial route servicing south St. Catharines. The portfolio offers immediate cash flow, long-term stability, and significant upside potential for both private and institutional investors. Buyer to do their own due diligence regarding the potential for a scaled townhouse build at the rear of the property on Walnut Lane. Parking potential or 15 or more vehicles updated furnace and roof, floor plans available.24 hrs notice for showings (id:41589)

Property Details

MLS® Number X13484124
Property Type Business
Community Name 456 - Oakdale
Amenities Near By Highway, Public Transit
Features Irregular Lot Size
Parking Space Total 15

Building

Age 51 To 99 Years
Cooling Type Partially Air Conditioned
Heating Fuel Natural Gas
Heating Type Baseboard Heaters, Hot Water Radiator Heat
Size Exterior 10765 Sqft
Size Interior 10,765 Sqft
Utility Water Municipal Water

Land

Acreage No
Land Amenities Highway, Public Transit
Size Depth 198 Ft ,2 In
Size Frontage 132 Ft
Size Irregular Bldg=132.03 X 198.18 Ft
Size Total Text Bldg=132.03 X 198.18 Ft
Zoning Description M1,r2
  • Aerial

https://www.realtor.ca/real-estate/29947116/333-341-merritt-street-st-catharines-oakdale-456-oakdale

Andrew Mcgregor
Salesperson

(905) 321-5202

Royal LePage NRC Realty
33 Maywood Ave
St. Catharines, Ontario L2R 1C5

(905) 688-4561
www.nrcrealty.ca/

Doug Mcnaughton
Salesperson

(289) 213-8886

Royal LePage NRC Realty
33 Maywood Ave
St. Catharines, Ontario L2R 1C5

(905) 688-4561
www.nrcrealty.ca/

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