For Sale · Retail

11 CARLTON STREET, St. Catharines (Haig)

11 CARLTON STREET, St. Catharines (Haig), ON L2R1P5

$950,000 total

1,700 SF

Asset Class

Retail

Size

1,700 SF

Building class

B

Zoning

CNC — Neighbourhood Commercial

$ / SF

$559

Occupancy

91%

About this property

ATTENTION INVESTORS, DEVELOPERS, AND BUILDERS! THIS PREMIUM PROPERTY AT 11 CARLTON STREET IN ST. CATHARINES OFFERS A FLAWLESS "INVEST AND HOLD" OPPORTUNITY OF THE ULTIMATE CANVAS FOR A LUCRATIVE NEW CONSTRUCTION BUILDING. BOASTING A HIGHLY FLEXIBLE C3 COMMERCIAL ZONING AND AN EXTRAORDINARY, ULTRA-DEEP BACK LOT WITH CAPACITY FOR UP TO 50 CARS, THIS SITE IS A RARE POWERHOUSE ASSET WITH MASSIVE FUTURE APPRECIATION POTENTIAL. WHETHER YOU ARE LOOKING TO LAND-BANK A PRIME PIECE OF REAL ESTATE, GENERATE A STEADY MULTI-STREAM INCOME WHILE PLANNING YOUR PROJECT, OR IMMEDIATELY BREAK GROUND ON A BRAND-NEW COMMERCIAL OR RESIDENTIAL BUILDING, THIS PROPERTY DELIVERS ENDLESS POSSIBILITIES. IT IS THE ABSOLUTE PERFECT SET UP FOR A HIGH-CAPACITY AUTOMOTIVE SERVICE, CAR RENTAL AGENCY, FAST FOOD OR MEDICAL FACILITY. THE EXISTING SOLID 2-STOREY LEGAL DUPLEX IS MECHANICALLY OPTIMIZED WITH 3 SEPARATE HYDRO METERS AND A RELIABLE GAS BOILER HEATING SYSTEM. THE BRIGHT MAIN-FLOOR UNIT FEATURES A SPACIOUS LIVING ROOM, SEPARATE FORMAL DINING ROOM, EAT-IN KITCHEN, 4-PIECE BATHROOM, AND A LARGE PRIMARY (IDEAL FOR CLIENT RECEPTION OR OFFICE SPACE). THE PRIVATE UPPER-LEVEL UNIT OFFERS TWO ADDITIONAL BEDROOMS, A FULL KITCHEN, A 3-PIECE BATHROOM, AND A COZY FAMILY ROOM. PERFECTLY SITUATED DIRECTLY ACROSS FROM THE LANDMARK FORMER GENERAL MOTORS PLANT AND REDEVELOPMENT SITE, YOUR FUTURE BUILD OR BUSINESS WILL BENEFIT FROM HIGH VISIBILITY, LOCAL TRANSIT, AND RAPID ACCESS TO DOWNTOWN AMENITIES AND MAJOR HIGHWAYS. OPPORTUNITIES TO AQUIRE A LOT OF THIS SIZE AND WITH THIS ZONING DO NOT COME ALONG OFTEN. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$950K
Down payment30% · $285K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$53K

Annual cash flow

$183

Cash-on-cash

0.06%

DSCR

1.00

Going-in cap

5.56%

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.

Rent roll (estimated)

TenantAreaExpiry
Cascade Foods Inc.562 SF2028-02
Cascade Foods Inc.400 SF2028-02
Cascade Foods Inc.629 SF2028-02

Area demographics

Trade area within 3 miles of the property.

Population

141,849

Households

49,435

Median income

$136,500

Median age

39.3

Daytime population

229,013

5-yr growth

1.1%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 11 CARLTON STREET, St. Catharines (Haig).

NDA required
  • 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.