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$1,480,000
Available - For Sale
Listing ID: X12313652
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.
Price $1,480,000
Taxes: $17,398
Tax Type: Annual
Occupancy by: Vacant
Address: 30 Bellevue Terr , St. Catharines, L2S 1P5, Niagara
Postal Code: L2S 1P5
Province/State: Niagara
Legal Description: LT 2197 CP PL 2 GRANTHAM CITY OF ST. CAT
Directions/Cross Streets: Pelham Rd. / St Paul St. W
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Accommodation
Building Percentage: T
Total Area: 5,000
Total Area Code:  Square Feet
Maintenance: 0
Heat Type: Gas Forced Air Close
Central Air Conditioning: Yes
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RCB REALTY INC.

30 Bellevue Terr , St. Catharines, L2S 1P5, Niagara


 
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At a Glance:
Type: Com - Investment
Area: Niagara
Municipality: St. Catharines
Neighbourhood: 458 - Western Hill
Style:
Lot Size: x 165.00(Feet)
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Tax: $17,398
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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