15 Wellington Street, St Catharines
- Bathrooms: 7
- Living area: 6650 square feet
- Added: 83 days ago
- Updated: 16 hours ago
- Last Checked: 8 hours ago
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:1945)
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Property Details
- Cooling: Central air conditioning
- Heating: Natural gas
- Stories: 2
- Exterior Features: Concrete
- Foundation Details: Block
- Construction Materials: Concrete block, Concrete Walls
Interior Features
- Basement: Finished, Full
- Appliances: Microwave, Window Coverings
- Living Area: 6650
- Above Grade Finished Area: 3325
- Below Grade Finished Area: 3325
- Above Grade Finished Area Units: square feet
- Below Grade Finished Area Units: square feet
- Above Grade Finished Area Source: Other
- Below Grade Finished Area Source: Other
Exterior & Lot Features
- Lot Features: Laundry- Coin operated
- Water Source: Municipal water
- Lot Size Units: acres
- Parking Total: 3
- Lot Size Dimensions: 0
Location & Community
- Directions: Wellington Street and Duke Street
- Common Interest: Freehold
- Subdivision Name: 451 - Downtown
Utilities & Systems
- Sewer: Municipal sewage system
Tax & Legal Information
- Tax Annual Amount: 5424
- Zoning Description: C1-93
Additional Features
- Number Of Units Total: 18
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