51 Main Street St. Catharines, Ontario L2N 4T8
$1,736,000
6 cap!! Steps from the beach! Cashflow AND long-term upside potential with this 8 unit apartment building. Some balconies offering water views of the Royal Canadian Henley Regatta. Situated in one of Niagara's most desirable neighborhoods, surrounded by multi-million dollar homes, and just a 5-minute walk to the active Port Dalhousie beach front, where there are volleyball tournaments, boat marina, vendors, concerts, and active night life. With water on 3 sides of this neighborhood, your long-term value will always appreciate. Additionally, benefit from the new instant hot water system installed in 2022. This is the main street which directs traffic to and from the QEW - great for your commercial tenant. Acquire this asset with built-in equity today. Small VTB available at list price. Opportunity to get most funds out through CMHC select loan program. Time to step up. Portfolio defining asset with room for growth and near future value over $2m!! Don't miss this! (id:50886)
Property Details
| MLS® Number | X9412685 |
| Property Type | Business |
| Community Name | 438 - Port Dalhousie |
| AmenitiesNearBy | Public Transit |
Building
| ExteriorFinish | Brick, Vinyl Siding |
| FoundationType | Block |
| SizeInterior | 6800 Sqft |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Public Transit |
| Sewer | Sanitary Sewer |
| SizeDepth | 115 Ft |
| SizeFrontage | 36 Ft |
| SizeIrregular | Unit=36 X 115 Ft |
| SizeTotalText | Unit=36 X 115 Ft|under 1/2 Acre |
| ZoningDescription | C1 |
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Contact us for more information
David Belanger
Salesperson
87 Lake Street
St. Catharines, Ontario L2R 5X5
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November 13 2024 03:48:38
Niagara Association of REALTORS®
Keller Williams Complete Realty