237 Church St
St. Catharines, L2R3E8
For Sale
$1,050,000

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Apartment
CATEGORY4,055 Sq Ft
TOTAL AREAX11923140
MLSIDContact Us
Property Description
***Total Gross Annual Income: $105,480*** TURNKEY INVESTMENT PROPERTY OPPORTUNITY!!! Fabulous Mixed-Use Commercial Property near vibrant Downtown core of St. Catharines has 6 Residential Apt Units & 1 Retail Storefront! This building has been fully renovated & upgraded in so many ways - BRAND NEW Electrical, Plumbing, Vinyl Flooring, LED Pot Lights, Flat Roof, Exterior Painting, Hot Water Tank/Tankless Heater (owned, NTI Brand, $12,000 value!), separate Bosch Heating/Cooling system for Retail Storefront unit ($4,000 upgrade!) + certified FIRE SAFETY PLAN with Exit Signs, Fire Doors & Smoke/CO2 Detectors. *5 Parking spots at Rear included! 3 apts fully reno'd in 2024 & 1 apt reno'd in 2021: Stunning contemporary Kitchens w/ new Stainless Steel appliances & custom tiled Bathrooms (Windows replaced on Units 2 & 6). All 6 Apts & Front Store are fully tenanted! Main level Retail space is spacious clean 443sqft + includes 688sqft of basement storage & bathroom, and amazing street signage area. Building has Shared Basement Coin Laundry and wired for 8 Security Cameras on Exterior & Stairwells. (*Note: Some photos have been virtually edited.) **EXTRAS** High-traffic area has great visual exposure -- Don't miss out on this incredible opportunity to be the owner of this well-situated property with tons of income potential!
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Property Details
Category
Apartment
Usage
Apts-6 To 12 Units
Zoning
MIXED USE (M1, M3)
Total Area
4,055 Sq Ft
Office/Apartment Area
2,924 Sq Ft
Retail Area
1,131 Sq Ft
Lot Size
33' x 140'
Taxes
$4,935 (2024)
Parking Spaces
5
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Listing contracted with Keller Williams Real Estate Associates
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Investors looking for a great property in St. Catharines shouldn't miss this unique offering. This multi-unit residence boasts a legal duplex and an extra auxiliary suite in the basement, providing exceptional potential for rental income. Situated in the heart of the city, close to shopping and public transit, the location guarantees strong tenant interest. The flexible layout caters to various needs, with a one-bedroom suite in the lower level, a spacious three-bedroom unit on the main floor, and an additional upper unit with two bedrooms. Completing the package is a large, fenced yard and a detached garage, offering ample outdoor space and parking for tenants. This property presents a fantastic opportunity to own a lucrative multi-unit investment in a desirable St. Catharines location.
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