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RLP Maximum
7694 Islington Ave, 2nd Floor Suite 220
Vaughan, ON L4L 1W3
Tel: (905) 856-7514

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15 Wellington Street, St. Catharines, On L2r 5p7

Property For Sale | X9411911Sale

Listing ID: X9411911
$1,295,000
Listing ID #X9411911
Property Description

Prime investment opportunity in the heart of downtown St. Catharines. This 17-room rental property spans a total gross floor area of +/-6651 sq.ft (618 sqm). Currently rented at $512.50 – $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 7 bedrooms along with 3 individual showers and 3 half baths. Potential Vendor financing option on approved OAC and terms.

Basic Details
Listing ID : X9411911
Listing Type : Sale
Price : $1,295,000
Status : Active
Property Sub Type : Investment
Roof : Flat
Map
Address Map
15
WELLINGTON
US
ON
Niagara
St. Catharines
L2R 5P7
Street
C1-93
Property Area
451 - Downtown
Features
: Yes
: None
: Common Area, Coin Operated, Shared
: Sanitary
: Unknown
Additional Information
6650
: Public Transit
: Concrete
: Concrete Block
100 x 39.99
Financial
5424.0
Listing Information
REVEL Realty Inc., Brokerage
Extension
2025-02-07T17:53:31Z
TRREB

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