Address
128 LAKE Street St. Catharines, ON
Price
$ 699,900
Property Attributes
  • ID#40078359
  • TypeMulti-Family
  • CitySt. Catharines
  • AreaNiagara
  • NeighbourhoodThe Haig
  • Postal CodeL2R 5Y1
  • Style
  • Price$ 699,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Ben Ellens with Royal LePage NRC Realty
Data Source:
RLP - CREA EN
Property Description

Excellent commercial investment opportunity in a high traffic, downtown St. Catharines location. The front two-storey commercial building is currently fully leased and offers a total of seven separate offices, as well as common amenity areas. The main floor has three offices and the upper level has three offices with one 3-piece bathroom. Broadloom carpet, hardwood, and ceramic tile flooring throughout. The basement level has a finished office, one 2-piece bathroom, and a storage/utility area. The total front building area is 1,352 square feet (above grade). The rear Coach House is divided into one main floor commercial unit, one second floor commercial unit, and an attached garage with utility area. The main floor commercial unit is comprised of an accessible, single office space with one 2-piece bathroom. The second floor is allocated to two offices, one 3-piece bathroom, open concept administration space, and a kitchenette. The total finished building area is approximately 1,080 square feet (per MPAC, the Coach House reflects 1,680 square feet - 840 square feet per floor). This building features in-floor radiant heating and a cement fibre siding exterior. The site offers ample paved asphalt parking.The front building was reportedly built in 1910 and extensively renovated in 2013. The rear Coach House was constructed in 2005. Both buildings have been meticulously maintained by Brook-Lite Homes Ltd. - a prestigious Niagara building company. Solid income and expense statement. Close proximity to the downtown core including the Meridian Centre, First Ontario Performing Arts Centre and Brock University’s Marilyn I. Walker School of Fine and Performing Arts.

General Features

Acres < 0.5
Garage no
Listing Type Investment
Parking no
Terms SALE
Wheel Chair Access no
Zoning M1 - Medium Density Mixed Use

Interior Features

Basement Finish Fully Finished
Fireplace no

Exterior Features

Lot Frontage 40.00
Pool Y/N no

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Postal Code Average in L2R 5Y1

Price
AVG $700K
$700K
Visits
AVG 44
53
Year Built
AVG 1910
1910
Walkscore
AVG 70
70
Data Provided by Walkscore ® not using MLS data