333-341 Merritt Street, St. Catharines, Ontario L2T 1K5

Listed for:
$2,500,000
0 beds
0 baths
Listed 2 days ago
333-341 Merritt Street, St. Catharines, Ontario L2T 1K5

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About

Cross Streets: Glendale. ** Directions: Glendale to Merritt. Extremely rare investment opportunity with up to 9 rental units, retail, residential, a long established appliance sale/repair business (1976) is included and further possible land development. The property currently includes 3 retail storefronts, one restaurant/bar with parking, 4 residential apartments, a fenced rear compound lot, further parking lot and an onsite detached house with private parking. This exclusive land assembly offering demonstrating pride of ownership, presents a rare opportunity to acquire a strategically assembled portfolio of up to 5 income-producing mixed-use properties stretching over 1 full block of street frontage free city street parking, 198 ft deep lot and a strong combination of commercial and residential revenue streams. Positioned within established and evolving markets on a thriving main arterial route servicing south St. Catharines. The portfolio offers immediate cash flow, long-term stability, and significant upside potential for both private and institutional investors. Buyer to do their own due diligence regarding the potential for a scaled townhouse build at the rear of the property on Walnut Lane. Parking potential or 15 or more vehicles updated furnace and roof, floor plans available.24 hrs notice for showings (id:27476)

Property Highlights

MLS® Number
X13484124
Type
Business
Community Name
456 - Oakdale
Land Size
Bldg=132.03 x 198.18 FT
Parking Space Total
15

Building

Square Footage
10765 sqft
Amenities
Highway, Public Transit
Fireplace Present
No
Basement Type
Basement Features
Building Heating Type
Baseboard heaters, Hot water radiator heat
Heating Fuel
Natural gas
Building Cooling Type
Partially air conditioned

Utilities

Water
Municipal water

Location

Learn more about this property
Listing provided by:
ROYAL LEPAGE NRC REALTY
MLS® number:
X13484124
Agent:
Andrew Mcgregor
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