434 Lake Street, St. Catharines, ON
Property Highlights
Welcome to this remarkable sale of business located in the coveted neighborhood of 443 - Lakeport. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $550,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Spacious lot size measured in Feet
- Convenient outside/surface garage included
- equipped with yes central cooling and highly efficient gas forced air closed heating
Description
Great opportunity for Good Income and High Volume Convenience Store Combined with 2 Shop in Shop: 1) Fast food "SanaGril l(Shawarma)" and 2) Ice Cream Parlor "Frost and Rollz Ice Cream"(Seasonal), High Volume Convenience Store, Weekly Sales:$15,000-$20,000 + Shawarma Sales: $500-$700/W, +Ice Cream Sales: $20,000/Y, Other income: 1) Lotto Commission: $4,000/M, 2) ATM: $700/M, 3) BTC Rebates: $370/M, 4) UPS/PUDo $500/M, Tobacco Portion: 30% (w/8% CigarSales), N.O.I: $270,000-$290,000, Gross Rent: $6,123(W/TMI), Space: 2,885 Sq Ft, Lease Term: 2.5+ 2x5, 3 Schools Nearby. very Busy Shopping Plaza w/Ample Parking. More Detailed FS information can be provided to serious buyer(s).
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 434 Lake Street, St. Catharines, ON L2N 4H4
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in St. Catharines, ON
For a property listed at $550,000 in St. Catharines, the legal minimum down payment is $30,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $7,475 for this transaction. As this listing is in St. Catharines (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $7,475.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.