58 Ontario Street
451 - Downtown, St. Catharines, L2R 5J4
FOR SALE
$998,500
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5
BEDROOMS 4
BATHROOMS 3
KITCHENS 13
ROOMS X13809304
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Property Description
Positioned on a prominent downtown corner, 58 Ontario Street presents a rare opportunity for owner-occupiers, investors, or live-work users to acquire a fully vacant 3,528 sq. ft. architecturally distinctive landmark building with exceptional zoning flexibility (C5-92) in the downtown core. Zoning permits a broad range of residential and commercial uses, allowing the property to function as entirely commercial, entirely residential, or mixed-use, while benefiting from the sought-after downtown parking exemption. Currently configured with a beautifully appointed 1,450 sq. ft. commercial main floor and two self-contained residential apartments above, the property offers three income streams with potential gross annual income of approximately $75,000 based on projected market rents, with additional upside through commercial leasing or owner occupancy. Showcasing original millwork, pocket doors, stained and leaded glass, refinished hardwood flooring, and other period details rarely found in commercial properties today, the building seamlessly combines historic character with modern functionality. Additional features include updated washrooms and kitchens, five ductless splits, full basement storage, separate hydro meters, five on-site parking spaces (2 tandem). Located in the heart of Downtown St. Catharines' heritage district, steps from the Performing Arts Centre, Meridian Centre, Brock University's Marilyn I. Walker School, restaurants and cafés, the area continues to benefit from ongoing residential intensification and commercial reinvestment, supporting long-term demand for both residential and commercial space.
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Property Features
Arts Centre, Golf, Hospital, Library, Park, Public Transit, Accessory Apartment, In-Law Suite, In-Law Capability, Private Triple, Security System
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Property Details
Address
58 Ontario Street
Community
City
Postal Code
L2R 5J4
Property Type
Triplex, Triplex
Zoning
C5-92
Lot Size
50' x 99'
Taxes
$7,956 (2025
Basement
Full
Heat Type
Heat Pump
Heat Source
Gas
Water
Municipal
Parking Spaces
5
Garage Type
None
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Listing contracted with Royal Lepage Nrc Realty
RARE OPPORTUNITY to own a solid brick, fully legal triplex in a convenient South St. Catharines location, down the street from Brock University, on a bus route, close to Pen Centre and Highway 406 for great accessibility. Built in 1958 by the original builder/owner with quality and craftsmanship, this well-maintained one-owner property offers over 3,000 sq. ft. of finished living space on a 40' x 110' lot. Ideal for investors, multi-generational living, or buyers looking to live in one unit while generating income from the other two.Great Each self-contained unit offers 2 bedrooms, a kitchen, living area and 4-piece bathroom. Hydro has been separated with each unit having its own hydro meter and panel. The main-floor tenant, in place since 2023, pays $1,925/month + hydro, while the long-term basement tenant pays $1,110/month + hydro. The vacant upper unit was completely renovated in 2025 and offers a brand-new kitchen with quartz countertops, luxury vinyl plank flooring, updated 4-piece bathroom, new appliances, fresh paint and a new living room window, with potential rent of approximately $2,100-$2,200/month + hydro. Coin-operated laundry provides additional income of approximately $300/month. Other improvements include roof (2018), newer bedroom windows (2016), 3 owned hot water tanks, 2 newer individual A/C units and new light fixtures. Plenty of paved rear parking + concrete driveway. A fantastic turn-key investment with excellent income potential and the flexibility to owner-occupy the beautifully renovated vacant upper unit. Survey available. For an exceptional investment opportunity, this property is best purchased together with the neighbouring property, (102 Townline) a solid brick bungalow featuring a second unit in the basement, a large shed and a laneway that extends through to the next street at the rear, offering even greater flexibility, access and income potential. Currently new sidewalks and roads being completed for a modern update to the street.
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