62 Welland Avenue , St. Catharines, ON L2R 2M7
St. Catharines, ON L2R 2M7
Description
Investment Opportunity awaits. Prime Commercial Property with High Visibility. Located at a highly sought-after corner intersection with significant traffic flow, this commercial property offers unparalleled visibility and accessibility. The building features 2,000 sqft of prime office space with a full lower basement level perfect for ample storage. On-site parking is available for up to 7 vehicles, adding convenience for customers and staff. Above the commercial space, discover a spacious and contemporary 2-bedroom apartment, complete with a rooftop deck, in-suite laundry, and a gas fireplace. The apartment is 1,000 sqft and includes a full kitchen, living room, and bathroom. Upgrades to this unit include new vinyl flooring throughout, a new washer/dryer, new black exterior windows. Additionally, a Pattison billboard at the rear of the property provides approx. $2700 additional income. The main floor commercial space is divided into two separate office units. The back unit is currently leased for $2550/month+ and the front unit has the potential of leasing for $3000/month+ and will be vacant on possession. Strong potential for investors or business owner to occupy one unit with additional streams of revenue coming in. Upgrades to the building include solid core glass doors for each office in the front unit and solid core doors in the back unit, new kitchenettes & bathrooms, exposed HVAC for industrial look, all new glass at front of building, all new electrical and plumbing in both main floor units up to the residential unit, exposed brick walls, in both main floor unit, fire and smoke sealing between all units, data lines run to every office, new stucco on back unit exterior, new back unit exterior entrance door. Great location within walking distance to Performing Arts Center, Meridian Center, restaurants, shops and Montebello Park!
Details
| MLS# | 40631608 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 54 |
| Listing Provided By | RE/MAX NIAGARA REALTY LTD, BROKERAGE | Kate Finora |
Features
| SQ Feet | 3,000 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Zoning | C1 |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Niagara |
| City | St. Catharines |
| Postal Code | L2R 2M7 |
| Area | St. Catharines |
| Subarea | 451 Downtown |
| Community Name | 451 Downtown |
| Listing VS Median (in 451 Downtown) | |
Price: $849,900 low | high Med: $479,900 SqFt: 3,000 low | high Med: 1,261 $ / SqFt: $283 low | high Med: $422 On Site: 54 low | high Med: 37.000000 | |