$1,768,500
St. Catharines
13-15 SECORD Drive, St. Catharines (Lakeport), Ontario, L2N1K9
This office property in St. Catharines is for sale offering roughly 6,800 sq ft of space. It has been on the market 36 days, fresher than the St. Catharines average of 48 days.
Investment Opportunity! Exceptional mixed-use commercial building situated along one of St. Catharines' most sought-after business corridors. Offering approximately 6,800 sq. ft. of well-maintained space, this income-producing property presents an outstanding opportunity for investors seeking stable cash flow and long-term appreciation. This two-storey building offers a versatile layout featuring multiple private offices, eight bathrooms, kitchenettes, storage and two spacious warehouse areas with 10' x 10' shipping doors, accommodating a variety of commercial tenants and business operations. A standout feature is the beautifully renovated (2018) second-floor residential apartment, complete with 1 bedroom, 2 bathrooms, in-suite laundry, ample storage, and a dependable long-term tenant, providing an additional diversified income stream. Situated on a good size lot with ample on-site parking, the property benefits from outstanding visibility, strong street presence and convenient access to the QEW, ensuring seamless connectivity for employees, customers, and deliveries. Additional features include forced-air gas heating and central air conditioning for year-round comfort. Zoned E1 - Business Commercial Employment, this property permits a broad range of uses including office, retail, restaurant, light industrial, residential, recreational facilities, animal care services, and many other commercial applications. This is a rare opportunity to acquire a high-visibility, investment property with a 6% cap rate, in a prime commercial location with excellent tenant appeal, flexible zoning, and strong long-term income potential. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 36 days on market, against an average age of 48 days across the listings currently for sale in this city
This office in St. Catharines (Lakeport) has been listed for 36 days, which is 12 days fresher than the city average of 48. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,768,500, about 22.5× the local median household income of $78,500.
Carrying it typically needs a household income of about $345,450 (20% down, 25-yr amortization, stress-tested) — roughly 340% above the area median.
Source: Statistics Canada, 2021 Census (FSA L2N)
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