7 Bathroom
6650 sqft sq. ft
Central Air Conditioning
Radiant Heat
$1,295,000
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:38042)
15 Wellington Street, St. Catharines Property Overview
MLS® Number
|
X9411911 |
Property Type
|
Business |
Community Name
|
451 - Downtown |
AmenitiesNearBy
|
Public Transit |
Features
|
Laundry- Coin Operated |
ParkingSpaceTotal
|
3 |
15 Wellington Street, St. Catharines Building Features
BathroomTotal
|
7 |
Appliances
|
Dryer, Microwave, Refrigerator, Two Stoves, Two Washers, Window Coverings |
BasementDevelopment
|
Finished |
BasementType
|
Full (finished) |
CoolingType
|
Central Air Conditioning |
ExteriorFinish
|
Concrete |
FoundationType
|
Block |
HeatingFuel
|
Natural Gas |
HeatingType
|
Radiant Heat |
SizeInterior
|
6650 Sqft |
UtilityWater
|
Municipal Water |
15 Wellington Street, St. Catharines Land Details
Acreage
|
No |
LandAmenities
|
Public Transit |
Sewer
|
Sanitary Sewer |
SizeIrregular
|
Unit=39.99 X 100 Acre |
SizeTotalText
|
Unit=39.99 X 100 Acre|under 1/2 Acre |
ZoningDescription
|
C1-93 |