St. Catharines (451 - Downtown), ON L2R5P7,15 WELLINGTON STREET
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St. Catharines (451 - Downtown), ON L2R5P7,15 WELLINGTON STREET
St. Catharines (451 - Downtown), ON L2R5P7,15 WELLINGTON STREET
St. Catharines (451 - Downtown), ON L2R5P7,15 WELLINGTON STREET
St. Catharines (451 - Downtown), ON L2R5P7,15 WELLINGTON STREET
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$ 1,295,000
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15 WELLINGTON STREET St. Catharines (451 - Downtown), ON L2R5P7

6,650 SqFt


UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 6,650 sqft

Price per Sqft $194

Subdivision 451 - Downtown

MLS® Listing ID X9411911

Originating Board Niagara Association of REALTORS®

Property Description

Prime investment opportunity in the heart of downtown St. Catharines. This 18-room rental property spans a total gross floor area of +/-6651 sq.ft (618 sqm). Currently rented at $500 - $875 per room, with potential to add another room, this building offers a robust income stream with multiple opportunities for optimization.\r\nThe property is equipped with fibre optic internet infrastructure, providing reliable, hardwired connections to every bedroom. Security features include trackable key card and punch code entry at each exterior door, with locked doors for every bedroom. Located only 900 meters from the St. Catharines bus terminal (a 12-minute walk), the property is situated in a highly walkable neighborhood close to various amenities.\r\nBuilding construction is resilient to damage, ensuring minimal maintenance and straightforward property management. There are significant opportunities to enhance net operating income through streamlined operations, tenant demographic adjustments, and other efficiencies.\r\nProperty includes full kitchen and laundry facilities on each floor. The upper level features 10 bedrooms, 3 full baths, 1 individual shower, and 1 half bath. The lower level houses 8 bedrooms with potential for a 9th, along with 3 individual showers and 3 half baths. (id:24570)

Location

Province ON

Interior

Heating Radiant heat

Cooling Central air conditioning

Exterior

Parking Features No

View Y/N No

Total Parking Spaces 3

Private Pool No

Building

Sewer Sanitary sewer


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Listed by COLLIERS INTERNATIONAL NIAGARA LTD.

Chelsea Mann

Advisor | License ID: 2196

+1(250) 852-0977

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15 WELLINGTON STREET