189-191 Queenston St Eastchester (St. Catharines, Ontario, CA - L2R3A3)

$299,000

Coldwell Banker Momentum Realty Brokerage

Jon Wellington* Jon Wellington* 905-935-8001 (Office) 905-359-7600 (Cell) 905-935-2764 (Fax) Request More Info

  • Type: Multifamily
  • Style: 1 1/2 Story
  • Bedrooms: 3
  • Bathrooms: 2
  • Size: 1,740 sq. ft.
  • Lot Type: Irregular
  • Lot Size: 108.6ft x 100ft
  • Suite: Yes
  • Taxes: $4,073.00 (2017)
  • MLS ® #: 30600190

Description

Excellent investment here!! This is the perfect time to get in before this area gets its long-awaited, much needed & recently promised face-lift!! With a wave of both public & private money flowing into the Queenston/Downtown area all the way from Eastchester to St. Paul (currently under way), this land is going to be a goldmine in the near future!! Lots of city-sponsored improvements coming to the area such as new sidewalks, sewers, streets & an overall beautification of the area along with the influx of private money, most importantly the development of the past General Hospital site with high density residential condos and some supplemental commercial expansion. The BEST thing about this property is that it will carry itself and then some immediately while you wait for your future windfall. This land is all zoned under the ever-valuable C2 commercial designation so your options are wide open! The property contains a duplex, housing a 3-bedroom unit (needing TLC but is rented @ $850/mo plus hydro), a 1-bedroom upstairs that is in nice shape (rented @ $705/mo plus hydro), a small storefront/shop with a back "office" and 2-piece bathroom (previously housing a vacuum repair store for 28 years, & most recently rented @ $600/mo plus but is now vacant) & a 48' x 85' parking lot that is accessible from both Queenston & Berryman streets, which is VERY valuable for future development. Once the store is tenanted, net income will exceed $18k (as is, much more with some renovation).

Attachments

P2#256149628
top
Each office independently owned and operated.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.