$849,900
( $283.30Per Sq Foot )
 $4,562 est/mo Sourced by Back At You

62 Welland Avenue , St. Catharines, ON L2R 2M7

St. Catharines, ON L2R 2M7

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Description

Investment Opportunity awaits. Prime Commercial Property with High Visibility. Located at a highly sought-after corner intersection with significant traffic flow, this commercial property offers unparalleled visibility and accessibility. The building features 2,000 sqft of prime office space with a full lower basement level perfect for ample storage. On-site parking is available for up to 7 vehicles, adding convenience for customers and staff. Above the commercial space, discover a spacious and contemporary 2-bedroom apartment, complete with a rooftop deck, in-suite laundry, and a gas fireplace. The apartment is 1,000 sqft and includes a full kitchen, living room, and bathroom. Upgrades to this unit include new vinyl flooring throughout, a new washer/dryer, new black exterior windows. Additionally, a Pattison billboard at the rear of the property provides approx. $2700 additional income. The main floor commercial space is divided into two separate office units. The back unit is currently leased for $2550/month+ and the front unit has the potential of leasing for $3000/month+ and will be vacant on possession. Strong potential for investors or business owner to occupy one unit with additional streams of revenue coming in. Upgrades to the building include solid core glass doors for each office in the front unit and solid core doors in the back unit, new kitchenettes & bathrooms, exposed HVAC for industrial look, all new glass at front of building, all new electrical and plumbing in both main floor units up to the residential unit, exposed brick walls, in both main floor unit, fire and smoke sealing between all units, data lines run to every office, new stucco on back unit exterior, new back unit exterior entrance door. Great location within walking distance to Performing Arts Center, Meridian Center, restaurants, shops and Montebello Park!

Details

MLS#40631608
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site91
Listing Provided ByRE/MAX NIAGARA REALTY LTD, BROKERAGE | Kate Finora

Features

SQ Feet3,000
BasementY
Story(s)2
ZoningC1
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 36 seconds ago
ProvinceON
CountyNiagara
CitySt. Catharines
Postal CodeL2R 2M7
AreaSt. Catharines
Subarea451 Downtown
Community Name451 Downtown
Listing VS Median (in 451 Downtown)
Price:
$849,900
low | high
Med:
$489,000
92.463819272856% of Average
SqFt:
3,000
low | high
Med:
735
100% of Average
$ / SqFt:
$283
low | high
Med:
$665
84.841553988344% of Average
On Site:
91
low | high
Med:
26.000000
100% of Average
Sourced by Back At You
Listing Updated: October 4, 2024 at 9:43:30 AM PDT