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49 Eastchester Avenue, St. Catharines

49 Eastchester Avenue
St. Catharines, ON L2P 2Y6
MLS #:
Sq Footage:
Jun 1, 2020
PLEASE CHECK OUT VIRTUAL TOUR....OPPORTUNITY KNOCKS! Fantastic residential/commercial investment zoned M1 for many uses, see supplement. This beautiful character home with a solid poured concrete foundation has many updates throughout. The past 10 years has been owner occupied residential home on the upper level of 1027 sq ft plus a professionally converted commercial business/office space on front of the main level with 432 sq ft plus basement commercial with more offices & boasts 3 entrances. High business exposure but quiet area with additional street parking and minutes to downtown St. Catharines. Commercial space has also been occupied for past 10 years. The updated 3 bdrm res space with modern kit installed 2015 along with an updated bathroom. Hardwood, cork and ceramic flooring throughout entire main level. Bonus attic space to dream of the cool living space that could compliment this home. Other updates are windows up and down, forced air furnace & duct work, A/C 2010 with new heat exchanger in furnace 2015, roof Oct 2019, automatic lawn sprinkler system 2010. There are also a couple rough-in areas in basement for additional bathrooms or kitchens. All work to commercial space was completed to code with permits. Commercial tenant has been there since 2015 and is on a month to month tenancy and would like to stay. Could be converted back to residential with multiple units. CURRENT CAP RATE with reasonable projected rent for existing residential space is approx 6%.