387 St. Paul St
St. Catharines, L2R3N1
For Sale
$1,200,000
![387 St. Paul St, St. Catharines](https://media.realestatebay.ca/X9/03/22/52/1.960.jpg)
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Multi-Use
CATEGORY3,676 Sq Ft
TOTAL AREAX9032252
MLSIDContact Us
Property Description
6.5 Cap! Invest in the heart of downtown St. Catharines with this exceptional mixed-use building located on the bustling main road of the downtown core. Featuring two well-maintained commercial storefront units with excellent tenants, and nine consistently occupied residential units designed for comfortable urban living, this property offers an excellent blend of retail and residential income. With parking space for four cars at the back of the building, a rare and valuable feature in the downtown area, this property boasts great cash flow (6.5 Cap) and stability, making it an attractive investment opportunity. The prime downtown location ensures high visibility, strong tenant history, and promises better-than-average growth and appreciation for years to come. Don't miss out on this unique opportunity to own a versatile and profitable property in the vibrant downtown core of St. Catharines.
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Property Details
Category
Multi-Use
Usage
Retail Store Related
Zoning
C6
Total Area
3,676 Sq Ft
Office/Apartment Area
1,838 Sq Ft
Retail Area
1,838 Sq Ft
Lot Size
31' x 118'
Taxes
$8,878 (2023)
Parking Spaces
2
Washrooms
5
Air Conditioning
Yes
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Listing contracted with Re/Max Escarpment Golfi Realty Inc.
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