$2,500,000
Available - For Sale
Listing ID: X13484124
333-341 Merritt Street , St. Catharines, L2T 1K5, Niagara
| 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 |
| Price | $2,500,000 |
| Taxes: | $22037.52 |
| Tax Type: | Annual |
| Occupancy: | Owner+T |
| Address: | 333-341 Merritt Street , St. Catharines, L2T 1K5, Niagara |
| Postal Code: | L2T 1K5 |
| Province/State: | Niagara |
| Directions/Cross Streets: | Glendale |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Retail |
| Building Percentage: | T |
| Total Area: | 10765.00 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 3945 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area Code: | Sq Ft |
| Area Influences: | Major Highway Public Transit |
| Approximatly Age: | 51-99 |
| Sprinklers: | No |
| Washrooms: | 0 |
| Heat Type: | Baseboard |
| Central Air Conditioning: | Partial |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| ROYAL LEPAGE NRC REALTY |
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Bus:
416-994-5000
Fax:
416.352.5397
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At a Glance:
| Type: | Com - Investment |
| Area: | Niagara |
| Municipality: | St. Catharines |
| Neighbourhood: | 456 - Oakdale |
| Approximate Age: | 51-99 |
| Tax: | $22,037.52 |
| Fireplace: | N |
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