Masoud Ahangar
Broker
$22,500,000
Available - For Sale
Listing ID: X8166586
175/181 Niagara St , St. Catharines, L2R 4M1, Ontario
| 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: | $198000.00 |
| 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: | 235.00 x 486.00 (Feet) |
| Directions/Cross Streets: | Niagara St/ Queen Elizabeth Wy |
| Category: | Accommodation |
| Building Percentage: | Y |
| Total Area: | 140000.00 |
| Total Area Code: | Sq Ft |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Y |
| Water: | Municipal |
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Masoud Ahangar
Broker
Dir:
416-409-9369
Bus:
647-763-6474
Fax:
888-280-3737
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At a Glance:
| Type: | Com - Investment |
| Area: | Niagara |
| Municipality: | St. Catharines |
| Lot Size: | 235.00 x 486.00(Feet) |
| Tax: | $198,000 |
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