249-253 CHURCH STREET

249-253 CHURCH STREET

249-253 CHURCH STREET

For Sale

$799,000

Property ID:

 X12475056

Bedrooms
2

Description



249253 Church St. offers a strong investment opportunity in central St. Catharines with a mix of residential and commercial income. The property includes four 2-bedroom apartments and a main floor commercial space previously used as a salon/barbershop. Each apartment has its own furnace, HVAC system, and hydro meter, plus theres a coin laundry at the rear for tenant use.Gross monthly income is $5,729 ($68,748 annually – commercial unit currently vacant).The property is ideally located in a downtown area experiencing major growth, with over $200 million invested in recent years and the redevelopment of the former 11-acre hospital site into new residential projects. This neighbourhood is next in line for significant transformation, making this a prime time to invest. (id:62834)

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30 Years Fixed, 3.5% Interest
  • Principal and Interest

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