74-76 ST PAUL Street E

St. Catharines, Ontario, L2R3M2, Canada

$1,200,000

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

Last updated on : Wednesday 10th of April 2024 10:52:48 AM

ADDRESS

Street : 74-76 ST PAUL Street E

City : St. Catharines

Province : Ontario

Country : Canada

Postal Code : L2R3M2

Open in Google Map

PROPERTY SUMMARY

Property ID : 40543830

Building Type : Fourplex

Property Type : Multi-family

Bedrooms : 8

Bathrooms : 6

Parking : 6

Similar Properties

Multi-family

104 MULCASTER STREET

Barrie, Ontario, L4M3M6

$1,299,000

Beds: 8Baths: 5

property Type: Other

type: Sale

ANABELA SERRA
1 week ago

DETAILS

Multi-family

114 ERB Street W

Waterloo, Ontario, N2L1T5

$999,900

Beds: 8Baths: 3

property Type: Triplex

type: Sale

MIKE MILOVICK
1 week ago

DETAILS

Multi-family

3446 HIGHWAY 3

Norfolk, Ontario, N3Y4J9

$899,900

Beds: 8Baths: 6

property Type: Other

type: Sale

NATHAN LOGANATHAN
4 weeks ago

DETAILS

Multi-family

209 COUNTY RD 28 ROAD

Otonabee-South Monaghan, Ontario, K0L1B0

$760,000

Beds: 8Baths: 5

property Type: Other

type: Sale

BRANDON NARSINGH
4 weeks ago

DETAILS

Multi-family

113 MAPLE AVENUE

Welland, Ontario, L3C5G2

$859,000

Beds: 8Baths: 5

property Type: Other

type: Sale

DEAN MICHAEL SERRAVALLE
3 months ago

DETAILS

Inquire about this property