Map location of 255 CHURCH Street, St. Catharines, ON L2R3E8
$699,000
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255 CHURCH Street, St. Catharines, ON L2R3E8

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- Beds
0 Baths
3,750 Sq Ft

Welcome to 255 Church Street! This solid 2-storey brick building is a prime investment opportunity situated in an up-and-coming neighourhood in the vibrant downtown St. Catharines community. The main floor and basement of this commercial gem are currently on a triple net lease with $24, 000 annual base rent with a successful business, making it an attractive income-generating property from day one. The tenant pays CAM charges for commercial taxes, water, commercial insurance, commercial gas, and cleaning. The large basement adds to the property's potential, offering ample storage or expansion opportunities for a savvy investor. The second floor is zoned residential with 2 bedrooms, living room, a 4-piece bathroom, kitchen, and laundry currently being rented for an annual rental income of $14, 928. The total rental income is $38, 928 annual, ensuring full tenancy for the entire building. This unique setup provides flexibility for the current tenant or opens up possibilities for a variety of uses. With a solid tenant base, a charming facade, and zoned M1, M3 with endless possibilities for the future, this building presents a fantastic investment opportunity in a neighbourhood on the rise! Updates: Current owner updated front facade, upper windows, interior/exterior paint, front door, interior/exterior lighting, 200amp 3-phase breaker panel, plumbing, and boiler in 2019. Phase 1 environmental has been completed and cleared. Commercial tenant has 1 year left on the lease term. Cap rate is 5.5%. (id:55598)

Listing By: NATALIE KESHAVARZNIA - ROYAL LEPAGE NRC REALTY
Listing provided courtesy of Canadian Real Estate Association
  • MLS® 40604046
  • Date Listed06/17/2024
  • Days on Realty 64 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size -
  • Sewer Public Sewer
  • Property Type Other
  • Water Public
  • Square Feet 3,750 sq. ft
  • Price Per Sq. Ft $186.4

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features -

Nearby Schools

Source: School Digger

Monsignor Clancy Catholic Elementary School

Public • 6 - 8

4.99 km

Distance

St. Catharines Collegiate

Public • 9 - 12

0.85 km

Distance

Laura Secord Secondary School

Public • 9 - 12

1.84 km

Distance

Sir Winston Churchill Secondary School

Public • 9 - 12

2.66 km

Distance

Denis Morris Catholic High School

Public • 9 - 12

2.68 km

Distance

DSBN Academy

Public • 9 - 12

3.37 km

Distance

Eden High School

Public • 9 - 12

3.19 km

Distance

St. Francis Catholic Secondary School

Public • 9 - 12

3.19 km

Distance

Governor Simcoe Secondary School

Public • 9 - 12

4.05 km

Distance

Holy Cross Catholic Secondary School

Public • 9 - 12

4.19 km

Distance

Thorold Secondary School

Public • 9 - 12

4.66 km

Distance

Royal Imperial Collegiate of Canada

Private • PK - 12

2.04 km

Distance

Canadian Martyrs Catholic Elementary School

Private • PK - 8

1.95 km

Distance

St. James Catholic Elementary School

Private • PK - 8

2.52 km

Distance

Mother Teresa Catholic Elementary School

Private • PK - 8

2.33 km

Distance

Sales & Tax History

Source: Public Records

Walkability in ON / L2R3E8

Source: Walkscore

69/100

Somewhat Walkable

Walk Score ®

52/100

Good Transit

Transit Score ®

50/100

Bikable

Bike Score ®

Overview

Some errands can be accomplished on foot. Many nearby public transportation options. Some bike infrastructure.

Transit Summary

36 nearby routes: 36 bus, 0 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 42/100, Transit Score: 35/100, Bike Score: 50/100.

Points of interest near 255 CHURCH Street, St. Catharines, ON L2R3E8

58 m

Distance

145 m

Distance

153 m

Distance

Fortis, St. Catharines, ON, Canada

Food • Retail Nightlife

255 m

Distance

361 m

Distance

Duru, St. Catharines, ON, Canada

Food • Retail Nightlife

411 m

Distance

63 m

Distance

288 m

Distance

329 m

Distance

153 m

Distance

Fortis, St. Catharines, ON, Canada

Food • Retail Nightlife

255 m

Distance

Duru, St. Catharines, ON, Canada

Food • Retail Nightlife

411 m

Distance

161 m

Distance

255 m

Distance

106 m

Distance

106 m

Distance

398 m

Distance

320 m

Distance

352 m

Distance

Frequently Asked Questions for 255 CHURCH Street

Source: Realty.com

255 CHURCH Street, St. Catharines, ON L2R3E8 is a Other, Commercial Sale property listed for $699,000 The property is 3750 sq. ft with - bedrooms and 0 bathrooms

Realty.com has 10 photos of 255 CHURCH Street.

The full address for this home is 255 CHURCH Street, St. Catharines, ON L2R3E8.

255 CHURCH Street has been listed on Realty.com since Mon June 17, 2024

Some errands can be accomplished on foot. Many nearby public transportation options. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 42/100, Transit Score: 35/100, Bike Score: 50/100.

Listing provided courtesy of: ROYAL LEPAGE NRC REALTY (tel: (905) 688-4561)
Listing agent: NATALIE KESHAVARZNIA (tel: (905) 380-3233)

This content last refreshed on 2024-08-20 22:24:54. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Export listing data of 255 CHURCH Street, St. Catharines, ON L2R3E8 : MLS® 40604046

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