25 Ottawa Street St. Catharines, Ontario L2R 1Z1

8,000 ft2
None Hot Water Radiator Heat

$2,500,000

Renovated 11 apartment building, 11 one bedroom apartments. This property has been well cared for by the same owner for the past 22 years and is in a central location with a high rental demand. The owner believes in spending money to upgrade the building which attracts a good quality tenant, higher rents and limited maintenance calls. All 11 apartments have been renovated at different stages. Unit #9 just finished a renovation including quartz countertops and Unit #6 will be starting a full renovation this month to be completed in July. Renovations include, new kitchen cupboards, counter tops, appliances including dishwashers. Bathrooms updated with bath fitter tub surrounds and new vanities. There are two sets of coin washer and dryers (2023), modern entrance buzzers front and back entrance (2022) pitched roof asphalt shingles (approx 2012), all replacement vinyl windows. Seperate hydro meters with updated breaker panels in each unit. There is a large clean boiler utility room, great for storage or small work area. All tenants accept for one pay their own hydro. The owner subsidizes one units hydro up to a maximum of $50 per month. There are no rental items or contracts associated with the property. Preferred closing date is December 2026. All fire retro-fitting complete, with yearly fire inspection certificates available. (id:63616)

Business

Business Type Residential
Business Sub Type Apartments

Property Details

MLS® Number X13425950
Property Type Multi-family
Community Name 451 - Downtown
Parking Space Total 6

Building

Appliances Dishwasher, Dryer, Washer
Cooling Type None
Heating Fuel Natural Gas
Heating Type Hot Water Radiator Heat
Size Interior 8,000 Ft2
Type Multi-family
Utility Water Municipal Water

Land

Acreage No
Size Depth 140 Ft ,3 In
Size Frontage 45 Ft ,8 In
Size Irregular 45.74 X 140.31 Ft
Size Total Text 45.74 X 140.31 Ft
Zoning Description R2

https://www.realtor.ca/real-estate/29882754/25-ottawa-street-st-catharines-downtown-451-downtown

Contact Us

Contact us for more information

Generating Captcha

Your Favourites

 

No Favourites Found