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15 Wellington Street St. Catharines, Ontario L2R 5P7

Speak to an Agent About 15 Wellington Street, St. Catharines
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