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$22,500,000
Available - For Sale
Listing ID: X8166586
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.
Price $22,500,000
Taxes: $198,000
Tax Type: Annual
Occupancy by: Owner
Address: 175/181 Niagara St , St. Catharines, L2R 4M1, Ontario
Postal Code: L2R 4M1
Province/State: Ontario
Legal Description: PT LT 11-12 RANGE 2 CY PL 17 GRANTHAM AS
Lot Size: 235 x 486 (Feet)
Directions/Cross Streets: Niagara St/ Queen Elizabeth Wy
Zoning: Commerical
Category: Accommodation
Building Percentage: Y
Total Area: 140,000
Total Area Code:  Sq Ft
Heat Type: Gas Forced Air Open
Central Air Conditioning: Y
Water: Municipal
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ENGEL & VOLKERS OAKVILLE

175/181 Niagara St , St. Catharines, L2R 4M1, Ontario


 
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Type: Com - Investment
Area: Niagara
Municipality: St. Catharines
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Lot Size: 235.00 x 486.00(Feet)
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Tax: $198,000
Maintenance Fee: $0
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