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62 WELLAND AVE St. Catharines, ON L2R 2M7
3,000 SqFt
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Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $299
Subdivision 451 - Downtown
MLS Listing ID X12111113
Annual Tax Amount $13,452
Tax Year 2024
Property Sub-Type Office
Lot Depth 67.1
Lot Front 55.0
Property Description
Investment Opportunity awaits. Prime Commercial Property with High Visibility. Located at a highly sought-after corner intersection with significant traffic flow, this commercial property offers unparalleled visibility and accessibility. The building features 2,000 sqft of prime office space with a full lower basement level perfect for ample storage. On-site parking is available for up to 7 vehicles, adding convenience for customers and staff. Above the commercial space, discover a spacious and contemporary 2-bedroom apartment, complete with a rooftop deck, in-suite laundry, and a gas fireplace. The apartment is 1,000 sqft and includes a full kitchen, living room, and bathroom, rents for $1549+heat. Upgrades to this unit include new vinyl flooring throughout, a new washer/dryer, new black exterior windows. A Pattison billboard at the rear of the property provides approximately. $2700 additional income annually. The main floor commercial space is divided into two separate office units. The back unit is currently leased for $2300 month+hst and the front unit is leased for $3000/month+hst. Strong potential for investors or business owner to occupy one unit with additional streams of revenue coming in. Upgrades to the building include solid core glass doors for each office in the front unit and solid core doors in the back unit, new kitchenettes & bathrooms, exposed HVAC for industrial look, all new glass at front of building, all new electrical and plumbing in both main floor units up to the residential unit, exposed brick walls, in both main floor unit, fire and smoke sealing between all units, data lines run to every office, new stucco on back unit exterior, new back unit exterior entrance door. Great location within walking distance to Performing Arts Center, Meridian Center, restaurants, shops and Montebello Park, easy access to 406 Highway.
Location
Province ON
County Niagara
Community 451 - Downtown
Area Niagara
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 55.0
Lot Depth 67.1
Others
Security Features No
Listed by RE/MAX NIAGARA REALTY LTD, BROKERAGE