74-76 St Paul Street E, St. Catharines, Ontario L2R 3M2

Listed for:
$1,200,000
8 beds
6 baths
Listed 78 days ago
Fourplex for rent: 74-76 St Paul Street E, St. Catharines, Ontario L2R 3M2

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Learn more about this property
Listing provided by:
ROYAL LEPAGE NRC REALTY
MLS® number:
40543830
Agent:
Natalie Keshavarznia
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About

Ontario Street to St. Paul Street or Queen Street to St. Paul Street 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 (id:27476)

Property Highlights

Type
Fourplex
Cooling type
Central air conditioning
Heating fuel
Natural gas
Fireplace
No
Construction material
Brick, Brick Veneer, Stone, Stucco
Parking space
6
Ownership Type
Freehold
Amenities nearby
Golf Nearby, Park, Public Transit, Schools

Location