ON > St. Catharines > 451 - Downtown
St. Catharines, ON L2R 5P7,15 WELLINGTON ST
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St. Catharines, ON L2R 5P7,15 WELLINGTON ST
St. Catharines, ON L2R 5P7,15 WELLINGTON ST
St. Catharines, ON L2R 5P7,15 WELLINGTON ST
St. Catharines, ON L2R 5P7,15 WELLINGTON ST
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Jethro Seymour

Jethro Seymour

+1(416) 712-0767
$ 1,259,000
Est. payment /mo
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Pending

15 WELLINGTON ST St. Catharines, ON L2R 5P7

6,650 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Pending

Purchase Type For Sale

Square Footage 6,650 sqft

Price per Sqft $189

Subdivision 451 - Downtown

MLS Listing ID X9411911

Building Age 51-99

Annual Tax Amount $5,424

Tax Year 2023

Property Sub-Type Investment

Lot Depth 100.0

Lot Front 39.99

Property Description

Prime investment opportunity in the heart of downtown St. Catharines. This 17-room rental property spans a total gross floor area of +/-6651 sq.ft (618 sqm). Currently rented at $512.50 - $875 per room, with potential to add another room, this building offers a robust income stream with multiple opportunities for optimization. The 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. Building 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. Property 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 7 bedrooms along with 3 individual showers and 3 half baths. Potential Vendor financing option on approved OAC and terms.

Location

Province ON

County Niagara

Community 451 - Downtown

Area Niagara

Zoning C1-93

Rooms

Kitchen 0

Interior

Interior Features None

Cooling Yes

Inclusions 18 Fridges, 2 Stoves, 2 Washers, 2 Dryers, Carbon Monoxide Detector, Microwave, Smoke Detector, Window Coverings

Laundry Common Area, Shared, Coin Operated

Exterior

Community Features Public Transit

Utilities Available Unknown

Roof Type Flat

Lot Frontage 39.99

Lot Depth 100.0

Total Parking Spaces 3

Building

Foundation Concrete Block

New Construction false

Others

Senior Community No

Security Features Unknown

Listed by COLLIERS INTERNATIONAL NIAGARA LTD.
agent

Jethro Seymour

Broker

+1(416) 712-0767

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15 WELLINGTON ST

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