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33 Lock Street St. Catharines, Ontario L2N 5B8

None Baseboard Heaters

$2,499,000

Location, location, location! Prime re-development site in the heart of Old Port Dalhousie with income. Fabulous multi unit building located just steps Lake Ontario and Lakeside Park Beach. An ideal location in the Port Dalhousie core, close to restaurants, shopping, transportation and fun-in-the-sun activities. Situated between several new residential developments and redevelopments where prices over the $1M mark per unit are the norm. This site has huge potential for redevelopment in the near future. Buyers need to verify any re-development plans with the City of St. Catharines. The existing building boasts four 2-bedroom and four 1-bedroom units. There are separate meters for all of the units and tenants pay their own hydro. The building has had new windows throughout in 2016, a new roof in 2019, along with new soffits & eaves in 2020 for a totally maintenance free exterior. The building has all electric heating system and tenants pay for their own heat. There is also coin laundry for additional income. There is enough room for 8 cars to park for tenant parking or additional rentals on site. All of the units have separate entrances and 3 units have private balconies. This building is an ideal investment with plenty of room to increase rents to the new market level. Due to Covid, apartment interior showings will only be available with an accepted conditional offer. Inside pictures of most apartments are available by email upon request. (id:26105)

Property Details

MLS® Number 40118616
Property Type Other
Amenities Near By Beach, Hospital, Park, Public Transit, Shopping
Community Features School Bus
Features Corner Site, Park/reserve, Beach, Laundry- Coin Operated

Building

Basement Development Partially Finished
Basement Type Partial (partially Finished)
Cooling Type None
Exterior Finish Aluminum Siding
Fire Protection Smoke Detectors
Fireplace Present No
Foundation Type Stone
Heating Fuel Electric
Heating Type Baseboard Heaters
Stories Total 2
Size Exterior 6000.0000
Utility Water Municipal Water

Land

Access Type Water Access, Highway Access
Acreage No
Land Amenities Beach, Hospital, Park, Public Transit, Shopping
Sewer Municipal Sewage System
Size Depth 125 Ft
Size Frontage 104 Ft
Size Total Text Under 1/2 Acre
Zoning Description Multires

https://www.realtor.ca/real-estate/23242508/33-lock-street-st-catharines

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Shaun Thoms – Niagara Region Realtor