$16,900,000 259 ST. PAUL Street, St. Catharines ON, L2R3M7

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MLS ID: 30779834 No Garage Return to Featured Listings

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BEAUTIFULLY RENOVATED 75 UNIT APARTMENT BUILDING PLUS 5 NEW RESTAURANTS. ALL NEWER APARTMENTS, NEW ELECTRICAL, PLUMBING, HVAC, INDIVIDUAL HEAT PUMPS, WINDOWS, KITCHENS, BATHROOMS, CERAMIC FLOORS, INSTITUTIONAL GRADE INVESTMENT PROPERTY SHOWS A GUARANTEED 5% CAP RATE, 10.50% RETURN ON INVESTED CAPITAL AND A 14.85 % INTERNAL RATE OF RETUR WITH A POTENTIAL ADDITIONAL INCOME OF $48,000 PER YEAR. A PRIME INVESTMENT IN THE HEART OF THE ENTERTAINMENT DISTRICT DOWNTOWN ST. CATHARINES. EXISTING FINANCING @2.45%. SELLER WILL MANAGE PROPERTY. POTENTIAL TO ADD 7 FLOORS; 70 APARTMENTs. (id:15178)

Listing courtesy of RE/MAX GARDEN CITY REALTY INC, BROKERAGE

General Information
MLS® ID 30779834
Lot Size 0.3 ac|under 1/2 acre
Garage/Parking No Garage
Sewer Sanitary sewer

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