$22,500,000 FOR SALE

Investment

Lot: 235 x 486 ftTotal Area: 140,000 ft2
2024 Taxes: $198,000

175/181 Niagara St
St. Catharines, ON L2R 4M1 | Niagara

This property comprises two separate buildings and provides 147 thoughtfully designed suites for both assisted and independent living. The assisted living wing boasts 61 suites, offering residents peace of mind with its high level of security features and private outdoor spaces specially tailored to accommodate those with dementia and cognitive impairments. Meanwhile, the independent living building offers 86 suites, each providing private accommodations.Every unit is equipped with modern amenities to enhance quality of life, including newly upgraded four-piece bathrooms and kitchenettes complete with refrigerators and a newly installed phone system.It is conveniently located 100 ft door-to-door next to Dunlop Drive Centre for Older Adults. Downtown St. Catharines is just 2.2 km away. With zoning permitting additional development of up to 60 rooms, this property presents an enticing opportunity for expansion.

Extras
Well-managed facility, updated. Has an impeccable reputation with RHRA, fully sprinkled, with the newer roof of less than 5 years. Each unit has PTAC heating and an a/c unit, allowing it to get comfortable depending on personal preference.

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Listed By ENGEL & VOLKERS OAKVILLE
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8166586
Last Updated Mar 22, 2024
Property Summary
Property Type Investment

More like this:
Category Accommodation
PIN 462710004
Legal Description PT LT 11-12 RANGE 2 CY PL 17 GRANTHAM AS IN RO6989
Occupancy Owner
Possession Date Flexible
Taxes (2024) $198,000
Tax Type Annual
Directions/Cross Streets Niagara St/ Queen Elizabeth Wy
Area Niagara
Price History
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Detailed Information
Freestanding Y
Lot 235 x 486 ft
Lot Irregularities Irregular Shape
Total Area 140,000 ft2
Air Conditioning Y
Garage Type None
Heat Type Gas Forced Air Open
Utilities A
Water Municipal
Lot/Bldg/Unit Code Lot
Zoning Commerical
Seller Property Info Statement N

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