$1,200,000 $6,442 est/mo Sourced by Back At You

74-76 St Paul Street E,St. Catharines, ON L2R 3M2

St. Catharines ON, L2R 3M2

Share with a friend

Description

Investors, it's time to capitalize on this prime location and versatile property at 74-76 St. Paul Street in downtown St. Catharines! This unique mixed-use building, currently housing 4 residential units, offers C6 zoning, allowing for a seamless transition to a commercial space if desired. This building benefits from grandfathered privileges that set it apart in the local real estate landscape to permit residential use on the main floor, making your property taxes lower than a typical commercial space! All 4 units are currently leased, ensuring immediate income for the discerning investor. Not to be missed is the untapped potential in the approximately 1500sqft unfinished basement! The property also boasts a substantial parking advantage with a generous lot at the rear off of David S. Howes Way, accommodating 6 parking spacesa coveted commodity in the downtown area. Location is key, and this building has it all. Nestled against the iconic Meridian Centre, home of the IceDogs and River Lions, the property enjoys a dynamic and energetic atmosphere. The strategic positioning on an easy bus route for Brock University and Niagara College students further enhances its desirability. With approximately $71,256.00 annual current rental income, the potential for commercial conversion, ample parking, and proximity to entertainment and education hubs, this property boasts a myriad of possibilities for the astute investor. Make your mark in downtown St. Catharines today! Notes: Each unit has 100amp breaker panel; front windows & facade done in 2023

Details

MLS#40543830
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Days On Site77
Listing Provided ByROYAL LEPAGE NRC REALTY | Natalie Keshavarznia

Features

Bed(s)8
Bath(s)6
SQ Feet5,500
BasementY
Story(s)2
Units4
ZoningC6
Golf CourseYes
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

Request a showing

Request a showing

Loading Form
Listings Checked: 51 seconds ago
ProvinceON
CountyNiagara
CitySt. Catharines
Postal CodeL2R 3M2
AreaSt. Catharines
Subarea451 Downtown
Community Name451 Downtown
Listing VS Median (in 451 Downtown)
Price:
$1,200,000
low | high
Med:
$489,999
100% of Average
SqFt:
5,500
low | high
Med:
1,505
100% of Average
$ / SqFt:
$218
low | high
Med:
$326
2% of Average
On Site:
77
low | high
Med:
56
100% of Average
Sourced by Back At You
Listing Updated: March 1, 2024 at 9:41:03 AM PST