$2,999,900

16-20 Queen Street

St. Catharines ON, L2R 5G3

Description

FANTASTIC INVESTMENT OPPORTUNITY 35,000 SQUARE FEET OF MIXED-USE COMMERCIAL/ RESIDENTIAL SPACE IN THE HEART OF DOWNTOWN! Opportunity for the savvy investor to transform this building into proposed 18-unit building (6 commercial, 12 residential, PLUS additional 6 storage units in the basement). Huge upsideProjected value of $6,500,000 at 5.5% cap rate, upon completion. Property is vacant for immediate use/ construction, and a record of site condition (RSC) is available. Current zoning is C5. Option to purchase 14 Queen Street/ 16-20 Queen Street separately. Close to highways, Brock University, and to the trendiest area in St. Catharines. Proforma available upon request.

Details

MLS#H4091254
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusActive
Days On Site34

Features

SQ Feet35,460
Story(s)1
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Area Information
ProvinceON
CountyNiagara
CitySt. Catharines
Postal CodeL2R 5G3
AreaNiagara
Listing VS Median (in L2R 5G3)
Price:
$2,999,900
low | high
Med:
$2,999,900
50% of Average
SqFt:
35,460
low | high
Med:
35,460
50% of Average
$ / SqFt:
$85
low | high
Med:
$85
50% of Average
On Site:
34
low | high
Med:
34
100% of Average
Listing Updated: November 22, 2020 8:02:16 PM PST
Olivia Rapson LogoMLS Number: H4091254
Listing Provided By:
Olivia Rapson  of  Royal LePage Burloak Real Estate Services
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Hamilton-Burlington.