RetailMLS® X13465656$999,000
62 Welland Avenue
St. Catharines (Downtown), Ontario L2R2M7
- —bedrooms
- 3bathrooms
- 3,000 sq ft
St. Catharines (Downtown), Ontario L2R3M9
$1,095,000
MLS® X13860828
TREMENDOUS INVESTMENT OPPORTUNITY in the vibrant heart of Downtown St. Catharines! This versatile mixed-use property features two ground-floor commercial units, including a well-established restaurant and bar, plus two upper-level residential apartments with separate hydro meters and individual gas furnaces. The restaurant portion includes furniture, fixtures and equipment, with an estimated value exceeding $200,000. The property offers a full basement, 12 dedicated parking spaces, including 10 at the rear, excellent street exposure, and a restored flat roof. The existing two apartments offer potential for renovation and conversion back to four residential units, creating additional income potential. Municipal services, separate utilities, strong visibility, and a strategic downtown location surrounded by restaurants, retail, services and ongoing development make this an attractive opportunity for investors seeking multiple revenue streams and long-term potential. Restaurant portion of the sale TBD and subject to HST. (id:57793)
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