Welcome to 30 bellevue terrace a former retirement/group home situated on a massive 150' 165' lot in the western hill neighbourhood of st. Catharines. This approximately 5,000 sq. Ft. Building (buyer to verify) features 12 self-contained units, each with its own private ensuite bathroom. A shared kitchen is located in the basement. Units are approximately 300 sq. Ft. Each, originally designed for private senior or group living accommodations. The property is currently vacant and requires extensive renovation and cleanup. However, the building's core layout remains intact and may be suitable for a restoration or adaptive reuse project. The site is zoned r2, and was previously used as a licensed group lodging/retirement home. Buyers interested in continuing this use should conduct their own due diligence with the city regarding non-conforming use, licensing, and zoning requirements. Alternatively, the property is also being marketed as a residential redevelopment site with a proposed plan for 7 townhomes and 1 semi-detached dwelling (see alternate mls listing). Located in a rapidly improving neighbourhood near transit, retail, parks, schools, and healthcare, this site presents strong long-term upside for both institutional and residential developers. Seller may consider a $1,000,000 vtb in first position, terms negotiable, in first position to qualified buyers. A rare financing opportunity to support repositioning this asset. Buyer to verify all measurements, zoning, and approvals. Property sold as-is, where-is. Seller makes no representations or warranties.
Listing IDX12313652
Address30 Bellevue Terrace
CitySt. Catharines, Ontario
Price$1,480,000
StyleInvestment
Land Size0.57
TypeIndustrial/Commercial
StatusFor Sale
