62 Welland Avenue Active Save Request In-Person Tour Request Virtual Tour
St. Catharines,ON L2R 2M7
Key Details
Property Type Commercial
Sub Type Store with Apt/Office,Building Only
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $283
MLS Listing ID 40631608
Abv Grd Liv Area 3,000
Originating Board Niagara
Annual Tax Amount $11,414
Property Description
Investment Opportunity awaits. Prime Commercial Property with High Visibility. Located at a highly sought-after corner intersection with significant traffic flow, this commercial property offers unparalleled visibility and accessibility. The building features 2,000 sqft of prime office space with a full lower basement level perfect for ample storage. On-site parking is available for up to 7 vehicles, adding convenience for customers and staff. Above the commercial space, discover a spacious and contemporary 2-bedroom apartment, complete with a rooftop deck, in-suite laundry, and a gas fireplace. The apartment is 1,000 sqft and includes a full kitchen, living room, and bathroom. Upgrades to this unit include new vinyl flooring throughout, a new washer/dryer, new black exterior windows. Additionally, a Pattison billboard at the rear of the property provides approx. $2700 additional income. The main floor commercial space is divided into two separate office units. The back unit is currently leased for $2550/month+ and the front unit has the potential of leasing for $3000/month+ and will be vacant on possession. Strong potential for investors or business owner to occupy one unit with additional streams of revenue coming in. Upgrades to the building include solid core glass doors for each office in the front unit and solid core doors in the back unit, new kitchenettes & bathrooms, exposed HVAC for industrial look, all new glass at front of building, all new electrical and plumbing in both main floor units up to the residential unit, exposed brick walls, in both main floor unit, fire and smoke sealing between all units, data lines run to every office, new stucco on back unit exterior, new back unit exterior entrance door. Great location within walking distance to Performing Arts Center, Meridian Center, restaurants, shops and Montebello Park!
Location
Province ON
County Niagara
Area St. Catharines
Zoning C1
Direction Fronting on Lake St., Welland Ave. and James St. facing west
Rooms
Basement Full
Kitchen 0
Interior
Fireplace No
Exterior
Lot Frontage 55.0
Lot Depth 67.51
Garage No
Building
Lot Description Business Centre,City Lot,High Traffic Area
Faces Fronting on Lake St., Welland Ave. and James St. facing west
Story 2
Sewer Sewer (Municipal)
Water Municipal
New Construction No
Others
Senior Community No
Tax ID 462210099
Ownership Freehold/None