17 Wellington Street St. Catharines, Ontario L2R 5P7
$848,000
Downtown St. Catharines is going through a transformation. High density developments are being approved and construction has begun! Take advantage of this opportunity by purchasing this versatile property located a stone's-throw from the downtown core, court house, Montebello Park, farmers market, central library, Meridian Centre, Performing Arts Centre, regional transit hub, and lively St. Paul Street. The property is zoned R3 and is ideal for investor(s), live-in investor(s), Airbnb hosts, small business owners and families looking for additional income streams. Completely rebuilt from top to bottom in 2016, with city permits. The ground floor unit has 3 bedrooms, 1.5 bathrooms, and the upper unit has 4 bedrooms and 1.5 bathrooms. Both units have modern finishes and appliances, and have their own laundry machines and dryers in the basement, which is brightly lit and has plenty of storage space. The parking lot can comfortably accommodate 5-6 vehicles. Potential for vacant possession November 2022. With over $50,000 in gross rent potential and a 6% CAP rate, at market rents. Don't miss your opportunity to buy this gem, book your showing now! (id:47723)
Property Details
| MLS® Number | 40313056 |
| Property Type | Multi-family |
| Amenities Near By | Park, Public Transit, Shopping |
| Equipment Type | Other |
| Features | Park/reserve |
| Parking Space Total | 6 |
| Rental Equipment Type | Other |
Building
| Bathroom Total | 4 |
| Bedrooms Total | 7 |
| Basement Development | Partially Finished |
| Basement Type | Full (partially Finished) |
| Construction Style Attachment | Detached |
| Cooling Type | Ductless, Wall Unit |
| Exterior Finish | Brick |
| Fire Protection | Smoke Detectors |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat |
| Stories Total | 2 |
| Size Interior | 2334 |
| Type | Duplex |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Park, Public Transit, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 102 Ft |
| Size Frontage | 40 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R3 |
https://www.realtor.ca/real-estate/24806904/17-wellington-street-st-catharines
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August 25 2022 06:41:17
Niagara Association of REALTORS®
RE/MAX Niagara Realty Ltd.