333-341 MERRITT STREET
St. Catharines (Oakdale), Ontario
MLS® X13484124
$2,500,000
- Status
- Active
- Property type
- Business
- MLS® number
- X13484124
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 29Listing description
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
Property summary
- MLS® number
- X13484124
- Property type
- Business
- Square footage
- 10,765 sq ft
- Land size
- Bldg=132.03 x 198.18 FT
- Annual property taxes
- $22,037.52
- Parking
- 15 spaces
- Days on market
- 68 days
Features & details
- Heating
- Hot water radiator heat, Baseboard heaters, Natural gas
- Cooling
- Partially air conditioned
- Lot features
- Irregular lot size
What would this home cost you?
Based on the $2,500,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of ROYAL LEPAGE NRC REALTY, ST. CATHARINES.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.