| This is a truly unique property, located right in the heart of St Catharines!! This is a mixed-use space: featuring a 1,500 square foot single-family residence, and a nearly 700 square foot commercial unit with excellent frontage/signage to the main street. In total, the new owner will inherit 2,100+ interior square feet, and the Residential zoning opens up possibilities for a profitable conversion project!! 3 bedrooms upstairs, with an extremely spacious master, plus the business shop is entirely open concept. The commercial unit could easily become a home office for the increasingly growing work-from-home demographic. Parking is located at the back of the property, and the main house is solid brick. Located next to downtown, 12 Mile Creek, parks, restaurants, Hwy 406, QEW, and on a bus line, it doesn’t get more conveniently located than this!! The property also comes with a new roof, 2 gas meters, and 2 furnaces — this is not to be missed!!
We are selling our assignable purchase contract.
Closing is January 11th, 2022
*Please note: There is currently a spousal interest registered against this property’s title. As we understand it, the spousal interest is from a previous owner and it was wrongfully transferred on title after the current Seller purchased the property. However, the Seller’s lawyer is working diligently to have it removed. The Seller expects this interest to be taken off title sometime in December.*
**IMPORTANT: Our lawyers believe at least a portion of this mixed use property’s purchase price (assignment fee excluded) will be subject to HST in addition to the purchase price. Our APS has a standard clause that provides the Buyer will self-assess and remit any HST payable after closing. If the Buyer has a registered HST number, no HST needs to be paid or remitted according to our lawyer. Buyer is to do their due diligence and should verify any HST implications on this sale. The above is NOT a representation or warranty on behalf of our team, it is simply an opinion of our lawyer.** |
