$ 799,900
-
$799,900
Price -
0
Bed -
0
Bath -
4,369
SqFt
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About the Listing HBEXPREALTY - HBSHAWJA
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.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Forced Air,Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 4369
- Below Ground Sq Ft: n/a
- Basement: Full,Unfinished
- Other:
- Water: Municipal
Exterior Details
- Lot Description: Rectangular,City Lot,High Traffic Area,Public Transit
- Garage Capacity: N/A
- Parking Spaces: 0
- Lot Dimensions: 54.1 x 64
- Zoning: M1, M3
- Roof: Asphalt
- Others:
- Sewer: Sewer (Municipal)
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 462630226
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
249-253 Church St St. Catharines, ON L2R 3E8
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