42 Leeper Street
458 - Western Hill, St. Catharines, L2S 2N2
FOR SALE
$449,900

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Property Description
Welcome to 42 Leeper Street - A Triplex with Income & Development Potential! Featuring two spacious one-bedroom units and a cozy bachelor unit - perfect for living on the main floor while the upper units help to offset your mortgage. Sitting on an expansive lot (57' x 157.5') with R2 zoning, this property offers exciting development possibilities, including the potential to add an accessory dwelling unit (ADU). The City of St. Catharines ADU Program supports qualifying homeowners who want to create a secondary unit on their property, offering a one-time grant to help offset project costs. This program encourages additional rental housing in the city and can increase the property's income potential. Ideally located within walking distance to the St. Catharines GO Train Station and vibrant Downtown, you'll enjoy easy access to local shops, cafes, restaurants, and entertainment venues including the Performing Arts Centre and Meridian Credit Union Centre. Convenience is at your fingertips with nearby shopping centres, Brock University, and Niagara Health - Marotta Family Hospital all just minutes away. This property combines investment potential, possible development opportunities, and a prime location. It is perfect for a first-time homebuyer looking for an affordable entry into homeownership with future income potential, or an investor seeking a reliable property with immediate cash flow and possible long-term development opportunities. Come see all that 42 Leeper has to offer!
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Nearby Intersections
Property Features
Separate Hydro Meter, Water Heater Owned
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Property Details
Address
42 Leeper Street
Community
City
Postal Code
L2S 2N2
Property Type
Triplex, Triplex
Zoning
R2
Lot Size
59' x 158'
Taxes
$3,230 (2025
Basement
None
Heat Type
Radiant
Heat Source
Gas
Water
Municipal
Parking Spaces
2
Garage Type
None
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Listing contracted with Royal Lepage Nrc Realty
A rare vacant-possession triplex in downtown St. Catharines - all three self-contained units are currently empty, giving investors a clean slate to set market rents or an owner-occupier the chance to live in one unit and rent the others. This well-maintained, turnkey legal triplex offers shared laundry, ample private parking, and extensive updates completed in 2017 including a new roof, driveway, and fire sprinkler system. Steps to public transit and schools, and minutes to the QEW, shopping, parks, trails, and Martindale Pond. A strong entry point into the rental-investment market or a smart multi-generational option.
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