Address
74-76 St Paul Street E, St. Catharines, ON
Price
$ 1,200,000
Property Attributes
  • ID#40543830
  • TypeMulti-Family
  • CitySt. Catharines
  • AreaNiagara
  • NeighbourhoodDowntown St. Catharines
  • Postal CodeL2R 3M2
  • Style
  • Price$ 1,200,000
  • Bedrooms8
  • Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5500
Data Source:
RLP - CREA EN
Property 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 spaces—a 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

General Features

Zoning C6
Terms SALE
Parking yes
Inclusions Other,4x Fridges, 4x Stoves, 2x A/C Units, 2x Furnaces
Parking Spaces 6

Interior Features

Bedrooms 8
Beds 8

Exterior Features

Lot Frontage 30.00

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in L2R 3M2

Price
AVG $1.87M
$1.2M
Visits
AVG 80
43
Data Provided by Inside Real Estate®