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74-76 ST PAUL Street E
St. Catharines Ontario , L2R3M2 , Canada
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$1,200,000.00
MLS® 40543830
Investment
Lot Frontage: 30.0 Feet
Lot Depth: 165.0 Feet
No. of Parking Spaces: 6
Floor Space (approx): 5500.00
Total Bedrooms: 8
Total Bathrooms: 6
Zoning: C6
Remarks:
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 (id:7526)

Property Features:
  • Access Type: Highway access
  • Amenities Nearby: Golf Nearby , Park , Public Transit , Schools
  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Sewer: Municipal sewage system
Building Features:
  • Basement Development: Unfinished
  • Basement Type: Full
  • Building Type: Fourplex
  • Cooling Type: Central air conditioning
  • Exterior Finish: Brick , Stone , Stucco
  • Foundation Type: Poured Concrete
  • Heating Fuel: Natural gas
  • Heating Type: Forced air

All information displayed is believed to be accurate, but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.

Not intended to solicit properties currently listed for sale.

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