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128 LAKE Street

St. Catharines

$699,900
MLS Number: 40078359
Description:

Excellent commercial investment opportunity in a high traffic, downtown St. Catharines location. The front two-storey commercial building is currently fully leased and offers a total of seven separate offices, as well as common amenity areas. The main floor has three offices and the upper level has three offices with one 3-piece bathroom. Broadloom carpet, hardwood, and ceramic tile flooring throughout. The basement level has a finished office, one 2-piece bathroom, and a storage/utility area. The total front building area is 1,352 square feet (above grade). The rear Coach House is divided into one main floor commercial unit, one second floor commercial unit, and an attached garage with utility area. The main floor commercial unit is comprised of an accessible, single office space with one 2-piece bathroom. The second floor is allocated to two offices, one 3-piece bathroom, open concept administration space, and a kitchenette. The total finished building area is approximately 1,080 square feet (per MPAC, the Coach House reflects 1,680 square feet - 840 square feet per floor). This building features in-floor radiant heating and a cement fibre siding exterior. The site offers ample paved asphalt parking. The front building was reportedly built in 1910 and extensively renovated in 2013. The rear Coach House was constructed in 2005. Both buildings have been meticulously maintained by Brook-Lite Homes Ltd. - a prestigious Niagara building company. Solid income and expense statement. Close proximity to the downtown core including the Meridian Centre, First Ontario Performing Arts Centre and Brock University’s Marilyn I. Walker School of Fine and Performing Arts.

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Property Details
Status: For Sale
Address: 128 LAKE Street, St. Catharines, L2R 5Y1
MLS: 40078359
Lot Size: 40.00 x 135.00
Age: 1910
Heating Fuel: Forced Air,In-Floor
Cooling: Central Air
Water: Municipal
Floor Space: 0
Lot Size: 40.00 x 135.00
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