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$ 774,900
Est. payment /mo
Price Dropped by $25K
249-253 CHURCH Street St. Catharines, ON L2R3E8
4,369 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 4369
Square Footage 4,369 sqft
Price per Sqft $177
Subdivision 450 - E. Chester
MLS® Listing ID 40804748
Property Sub-Type Freehold
Property Description
This mixed-use property presents a compelling value-add investment opportunity in the heart of central St. Catharines, featuring four 2-bedroom residential units and one ground-floor commercial space. With strong in-place residential income and a currently vacant commercial unit, investors have immediate upside potential through lease-up, repositioning, or rental optimization. Positioned in a rapidly evolving downtown corridor, this asset offers both stable cash flow and long-term appreciation in a high-growth urban market. The residential units are well-configured and separately equipped with their own furnace, HVAC system, and hydro meter, minimizing operating expenses and simplifying management. A coin-operated laundry area at the rear of the building provides additional income and convenience for tenants. Current gross monthly income totals $5,729 ($68,748 annually), with further revenue potential available through leasing the vacant commercial unit and future rent growth. Located in a downtown neighbourhood undergoing significant revitalization, the area has seen over $200 million in recent investment, including the redevelopment of the former 11-acre hospital site into new residential communities. With continued infrastructure improvements and residential expansion underway, this corridor is positioned for meaningful transformation. An ideal opportunity for investors seeking a strategic acquisition with immediate income, commercial upside, and long-term growth. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air,
Cooling None
Exterior
Parking Features No
Community Features High Traffic Area
View Y/N No
Attached Garage No
Garage No
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by eXp Realty