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15 Wellington St

Wellington StDowntown St. CatharinesSt. CatharinesON, L2R 5W4

-
Beds
7
Baths
6,650
Sq. Ft.
$1,295,000
List Price
15 Wellington St, St. Catharines, ON - 1 of 3
15 Wellington St, St. Catharines, ON - 2 of 3
15 Wellington St, St. Catharines, ON - 3 of 3
111 days on market

Quick Summary

  • Expansive 6,651 sq.ft rental property
  • Robust income stream with multiple rooms
  • Reliable fiber optic internet infrastructure
  • Secure building with trackable access
  • Highly walkable location near amenities
  • Resilient construction for low maintenance
  • Opportunities to enhance net operating income
  • Full kitchen and laundry on each floor

Prime investment opportunity in the heart of downtown St. Catharines. This 18-room rental property spans a total gross floor area of +/-6651 sq.ft (618 sqm). Currently rented at $500 - $875 per room, with potential to add another room, this building offers a robust income stream with multiple opportunities for optimization. The property... Show More

Prime investment opportunity in the heart of downtown St. Catharines. This 18-room rental property spans a total gross floor area of +/-6651 sq.ft (618 sqm). Currently rented at $500 - $875 per room, with potential to add another room, this building offers a robust income stream with multiple opportunities for optimization. The property is equipped with fibre optic internet infrastructure, providing reliable, hardwired connections to every bedroom. Security features include trackable key card and punch code entry at each exterior door, with locked doors for every bedroom. Located only 900 meters from the St. Catharines bus terminal (a 12-minute walk), the property is situated in a highly walkable neighborhood close to various amenities. Building construction is resilient to damage, ensuring minimal maintenance and straightforward property management. There are significant opportunities to enhance net operating income through streamlined operations, tenant demographic adjustments, and other efficiencies. Property includes full kitchen and laundry facilities on each floor. The upper level features 10 bedrooms, 3 full baths, 1 individual shower, and 1 half bath. The lower level houses 8 bedrooms with potential for a 9th, along with 3 individual showers and 3 half baths. (id:54626)

Property Details

Size

6,650 sq. ft.
across 2 floors
0 Beds
7 Baths
7 Full

Parking

3 Parking Spaces
-

Lot

Size
480′0″ * 1200′0″
Acres
-

Build

Year Built
-
Model Name
-
Basement
Finished
Exterior
Concrete
Foundation
Block
Builder Name
-
Stories
2
Flooring
-
Roof
-

Heating & Cooling

Heating
-
Cooling
Central air conditioning

Utilities

Water
Municipal water
Sewer
Municipal sewage system
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Ownership Details

Ownership

Title
Freehold
Zoning
-

Source

Listing Brokerage

MLS® Listing
40605365
Last Updated
October 17, 2024
Brokerage
COLLIERS INTERNATIONAL NIAGARA LTD.,REVEL Realty Inc., Brokerage
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Call us 800-591-0566

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