74-76 ST. PAUL STREET
St. Catharines, ON, L2R 3M2
$1,200,000
ABOUT
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
BUILDING: 5,500sqft
LOT: 30'w x 165'd
TAXES: $4,500.00 (2023)
COMMUNITY: Downtown
ADDITIONAL INFO
Unit 1
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Approximately 1,200sqft*
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Unit includes:
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2 Bedrooms
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1 Bathroom
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Living Room
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Kitchen
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Upper level
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Separate exterior entrance off of St. Paul Street
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Patio at the back facing David S. Howes Way
Unit 2
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Approximately 1,600sqft*
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Unit includes:
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3 Bedrooms
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1 Bathroom
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Living Room/Dining Room
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Kitchen
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Entrance off of St. Paul Street
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Possibility for commercial conversion
Unit 3
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Approximately 1,600sqft*
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Unit includes:
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2 Bedrooms
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3 Bathrooms
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Living Room
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Kitchen
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Lower unit
Unit 4
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Approximately 1,100sqft*
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Unit Includes:
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1 Bedroom
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1 Bathroom
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Living Room
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Kitchen
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Entrance off of David S. Howes Way