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$839,000
Available - For Sale
Listing ID: X9386055
Discover an exciting pre-construction opportunity in the heart of downtown St. Catharines! With mixed-use zoning, this property offers exceptional flexibility for the new owner! The current design plan features modern, state-of-the-art construction with a commercial space on the main level and two luxury apartments on the second level. However, it can easily be converted into a 4-plex, giving future owners the option to customize the space to suit their needs. With city permits already in place, you're ready to start the project right away. Architectural drawings, a current survey, and a completed servicing report are all included. Originally built in 1910, the property currently serves as a 2-storey home with 3 bedrooms, 2 bathrooms, a living room, kitchen, dining room, an unfinished basement for ample storage, and 2 parking spots. The home features a waste stack replaced in 2022, a furnace installed in 2000, an A/C serviced in 2023, and a roof that is 10-15 years old. The house is tenanted for 6 months until June 30th at $2100/month, providing rental income while you finalize your plans. This prime location is ideally situated near the Meridian Centre which is home to the IceDogs and River Lions, the FirstOntario Performing Arts Centre, and a myriad of fantastic shops, restaurants, and local boutiques. The location offers excellent connectivity with access to the 406 and QEW, as well as proximity to Brock University and Niagara College, the Go Train, and major shopping areas. Don't miss out on this unique opportunity to invest in the vibrant future of downtown St. Catharines!
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $41,950 $83,900 $125,850 $167,800
First Mortgage $797,050 $755,100 $713,150 $671,200
CMHC/GE $21,918.88 $15,102 $12,480.13 $0
Total Financing $818,968.88 $770,202 $725,630.13 $671,200
Monthly P&I $3,507.58 $3,298.72 $3,107.82 $2,874.7
Expenses $0 $0 $0 $0
Total Payment $3,507.58 $3,298.72 $3,107.82 $2,874.7
Income Required $131,534.26 $123,701.83 $116,543.16 $107,801.16

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE NRC REALTY

44 Carlisle St , St. Catharines, L2R 4H4, Ontario

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MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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At a Glance:
Type: Freehold - Detached
Area: Niagara
Municipality: St. Catharines
Neighbourhood: 451 - Downtown
Style: 2-Storey
Lot Size: 25.00 x 59.00(Feet)
Approximate Age: 100+
Tax: $2,917
Maintenance Fee: $0
Beds: 3
Baths: 2
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

  Email Us

HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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