Located in St. Catharines, detached 2 Storey building, fully rented to medical clinic and Pharmacy. Excellent income of $65,000 annually with ten (10) Year Triple net Lease, with excalation of rents. Won't find a deal like this at 10% guaranteed return on cash investment. Recession proof income. Lease term may be re-negotiated.
Address
7 Welland Avenue
List Price
$649,000
MLS® Status
New
Expiration Date
2026-03-31
Property Type
Commercial
Type of Dwelling
Commercial Retail
Transaction Type
Sale
Area
St. Catharines
Sub-Area
451 - Downtown
Region
Niagara
Lot Size Source
MPAC
Lot Depth
111.55
Lot Type
Lot
Lot Size Units
Feet
Lot Width
59
Parcel Number
462151360
Total Building Area
2368
Occupant Type
Tenant
Cross Street
Welland/Thomas
MLS® Number
X12649642
Listing Brokerage
BRIDGECAN REALTY CORP.
Postal Code
L2R 2L8
Posession Details
Flexible
Tax Amount
$3,068.00
Tax Year
2024
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Type
Gas Forced Air Closed
Cooling Features
Yes
Garage Type
None
Tax Legal Description
PART LOT 4 CY PL 53 GRANTHAM AS IN RO467109 CITY OF ST. CATHARINES
Security Features
No
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