200 King St

For Sale
$1,600,000
200 King St, St. Catharines
200 King St
200 King St
200 King St
200 King St
200 King St
200 King St
200 King St
200 King St
200 King St
200 King St
200 King St
200 King St
200 King St
Apartment
CATEGORY
0.10 Acres
TOTAL AREA
X11934669
MLSID
Contact Us
Property Description
Great first time investor building in prime downtown St. Catharines. House form wood frame building substantially updated inside and out. Windows, roof, exterior, common areas all updated. 5 of the 7 suites have been gutted to the studs and totally renovated to condo quality including heat pump mini spits, stone countertops and new appliances. Tenants pay hydro. Over $30,000 upside in rents. Future gas savings $6,600 per year with removal of global boiler in the basement. **EXTRAS** Potential to put storage lockers in the basement for additional income. Low maintenace and easy to manage asset. Driveway parking 3 tandem cars. Bus at door and steps to downtown.
Property Details
Category
Apartment
Usage
Apts-6 To 12 Units
Zoning
Mr
Total Area
0.10 Acres
Lot Size
46' x 88'
Taxes
$10,955 (2024)
Listing contracted with Commercial Focus Realty Inc.
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***Total Gross Annual Income: $105,480*** TURNKEY INVESTMENT PROPERTY OPPORTUNITY!!! Fabulous Mixed-Use Commercial Property near vibrant Downtown core of St. Catharines has 6 Residential Apt Units & 1 Retail Storefront! This building has been fully renovated & upgraded in so many ways - BRAND NEW Electrical, Plumbing, Vinyl Flooring, LED Pot Lights, Flat Roof, Exterior Painting, Hot Water Tank/Tankless Heater (owned, NTI Brand, $12,000 value!), separate Bosch Heating/Cooling system for Retail Storefront unit ($4,000 upgrade!) + certified FIRE SAFETY PLAN with Exit Signs, Fire Doors & Smoke/CO2 Detectors. *5 Parking spots at Rear included! 3 apts fully reno'd in 2024 & 1 apt reno'd in 2021: Stunning contemporary Kitchens w/ new Stainless Steel appliances & custom tiled Bathrooms (Windows replaced on Units 2 & 6). All 6 Apts & Front Store are fully tenanted! Main level Retail space is spacious clean 443sqft + includes 688sqft of basement storage & bathroom, and amazing street signage area. Building has Shared Basement Coin Laundry and wired for 8 Security Cameras on Exterior & Stairwells. (*Note: Some photos have been virtually edited.) **EXTRAS** High-traffic area has great visual exposure -- Don't miss out on this incredible opportunity to be the owner of this well-situated property with tons of income potential!
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