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)
- ON
- St. Catharines
- L2R3E8
- 255 CHURCH Street
- 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
Public • PK - 8
0.53 km
Distance
École élémentaire catholique Immaculée-Conception
Public • PK - 8
0.63 km
Distance
St. Nicholas Catholic Elementary School
Public • PK - 8
0.63 km
Distance
Public • PK - 8
1.47 km
Distance
Public • PK - 8
2.14 km
Distance
St. Denis Catholic Elementary School
Public • PK - 8
1.47 km
Distance
St. Alfred Catholic Elementary School
Public • PK - 8
1.84 km
Distance
Public • PK - 8
2 km
Distance
Jeanne Sauvé French Immersion Public School
Public • PK - 8
2 km
Distance
Lincoln Centennial Public School
Public • PK - 8
2.94 km
Distance
Monsignor Clancy Catholic Elementary School
Public • 6 - 8
4.99 km
Distance
Public • 9 - 12
0.85 km
Distance
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
Public • 9 - 12
3.37 km
Distance
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
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
Street Address | Beds | Baths | Sold Date | List Price |
---|---|---|---|---|
66 Queenston Street, St. Catharines ON L2R 2Z2 | 3 | 2 | Jun 28, 2024 | $725,000 |
76 ARGYLE Crescent | 3 | 1 | Jul 16, 2024 | $449,900 |
32 OTTAWA Street | 2 | 1 | Jul 17, 2024 | $449,000 |
13 PARKVIEW Road | 2 | 1 | Jul 18, 2024 | $399,000 |
75 QUEENSTON Street | 3 | 3 | Jul 21, 2024 | $599,000 |
11 Delaware Street | 2 | 2 | Jul 21, 2024 | $560,000 |
11 HERRICK AVE | 3 | 1 | Jul 16, 2024 | $449,555 |
24 DIVISION ST | 4 | 4 | Aug 20, 2024 | $429,900 |
250 OAKDALE AVE | 6 | 3 | Jul 22, 2024 | $735,000 |
126 WESTCHESTER Crescent | 2 | 2 | Jul 22, 2024 | $544,900 |
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.
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Duru, St. Catharines, ON, Canada
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Food • Retail • Nightlife
153 m
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Fortis, St. Catharines, ON, Canada
Food • Retail Nightlife
255 m
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Duru, St. Catharines, ON, Canada
Food • Retail Nightlife
411 m
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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