233-239 ST. PAUL STREET, St. Catharines (Downtown), Ontario, L2S2E3

Property Description

Prime mixed-use investment opportunity in the heart of downtown St. Catharines. The property features 2 ground-floor commercial units with excellent street exposure and 13 residential apartments above. Well maintained and income-producing, the building offers stable cash flow with upside potential through rental growth and future appreciation. Located along St. Catharines' main commercial corridor, directly across from the FirstOntario Performing Arts Centre, and surrounded by restaurants, cafés, shops, and new residential developments. Steps to the Meridian Centre, Brock University's downtown campus, transit, and public parking. Offered at just over a 6% cap rate, this is a turn-key investment in one of Niagara's most active and rapidly growing downtown markets. (id:64974)

Quick Facts

• Property Type: Multi-Family
• Bedrooms: None
• Bathrooms: None
• Living Area: 11,155 sq ft (1,036.3 m²)
• Attached: Yes
• Frontage: 59 ft (18 m)

Costs

• Annual Taxes: $46,555.00

Listing Provided by: Sotheby's International Realty Canada, Brokerage
Board: The Oakville, Milton & District Real Estate Board
Data provided via CREA DDF®.