74-76 St Paul St E
St. Catharines, L2R 3M2
FOR SALE
$1,200,000
Terminated
$0
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8
BEDROOMS6
BATHROOMS4
KITCHENS16
ROOMSX8104988
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-03-01 | 2024-06-11 | 102 | $1,200,000 | - | Terminated |
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Property Description
Capitalize on this prime location and versatile property at 74-76 St. Paul St in downtown St. Catharines! This unique mixed-use building currently has 4 residential units but offers C6 zoning, allowing for a seamless transition to a commercial space if desired. All 4 units are leased, ensuring immediate income. Untapped potential in the approx 1500sqft unfinished basement! Substantial parking advantage with a lot at the rear off of David S. Howes Way, for 6 parking spaces - a coveted commodity in the downtown area. Location is key, and this building has it all. Nestled against the Meridian Centre, the property enjoys a dynamic atmosphere. The strategic positioning on an easy bus route for Brock U and Niagara College students further enhances its desirability. With approx $71,256.00 annual current rental income, potential for commercial conversion, ample parking, and proximity to entertainment and education hubs, this property boasts a myriad of possibilities for the astute investor.
Extras
Notes: Grandfathered privileges permit residential use on the main floor, so property taxes are lower than typical commercial space! Front & Upper windows (2023), 400amp breaker (each unit has 100amp panel).
Property Features
Arts Centre, Golf, Library, Park, Public Transit, School
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Property Details
Street
City
Property Type
Fourplex, 2-Storey
Lot Size
30' x 165'
Acreage
< .50
Fronting
East
Taxes
$4,500 (2023)
Basement
Full, Unfinished
Exterior
Concrete, Other
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
6
Driveway
Private
Garage Type
None
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