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$649,900 total
2,235 SF
Asset Class
Office
Size
2,235 SF
Building class
C
Zoning
DC1 — Direct Control
$ / SF
$291
Occupancy
91%
OWN YOUR BUSINESS ADDRESS IN DOWNTOWN ST. CATHARINES! A rare opportunity for business owners to buy a distinctive, professional office building in downtown St. Catharines. Offering approximately 2,235 sq. ft. of finished above-grade space, an additional 800 sq. ft. in the basement, and parking for up to 8 vehicles, 196 King Street combines the convenience of an established office layout with the advantages of owning your own commercial property. Designed to accommodate a growing business or professional practice, the main floor features an inviting reception foyer with coffee station, an open-concept collaborative workspace, two private offices, a boardroom-style office and a 2-piece washroom. The upper level offers a spacious executive office, three additional private offices and a 3-piece bathroom, providing room for a team to work comfortably under one roof. The property's charming exterior and welcoming wraparound porch create a memorable first impression, while multiple exterior entrances offer added flexibility for business operations. Eight on-site parking spaces are a valuable downtown advantage for owners, employees and clients. Conveniently located on King Street, the building is surrounded by established businesses, restaurants, cafés, and everyday amenities. The Meridian Centre, FirstOntario Performing Arts Centre, transit hub and GO Station are nearby, with convenient access to Highway 406 and the QEW. Whether you're relocating an existing business, establishing a professional practice or planning for future growth, this property offers the opportunity to invest in a building that can serve your business for years to come. Make your next business move one that builds equity. Explore the possibilities with this M2 zoned property. Buyers may qualify for the City of St. Catharines' Downtown Forgivable Loan Program, subject to eligibility requirements and program availability. Contact the City for details. (id:66811)
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Monthly debt service
$3K
Projected NOI
$35K
Annual cash flow
$-930
Cash-on-cash
-0.48%
DSCR
0.97
Going-in cap
5.40%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
| Tenant | Area | Expiry |
|---|---|---|
| Vector Robotics | 1,114 SF | 2032-08 |
| Vector Robotics | 913 SF | 2032-08 |
Trade area within 3 miles of the property.
Population
142,173
Households
58,658
Median income
$126,000
Median age
34.4
Daytime population
196,039
5-yr growth
2%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 196 KING Street, St. Catharines.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.