LOADING

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

8 Bedroom 6 Bathroom 5500
Central Air Conditioning Forced Air

$1,200,000

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:42569)

Property Details

MLS® Number 40543830
Property Type Multi-family
Amenities Near By Golf Nearby, Park, Public Transit, Schools
Parking Space Total 6

Building

Bathroom Total 6
Bedrooms Total 8
Basement Development Unfinished
Basement Type Full (unfinished)
Cooling Type Central Air Conditioning
Exterior Finish Brick, Brick Veneer, Stone, Stucco
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 5500
Type Fourplex
Utility Water Municipal Water

Land

Access Type Highway Access
Acreage No
Land Amenities Golf Nearby, Park, Public Transit, Schools
Sewer Municipal Sewage System
Size Depth 165 Ft
Size Frontage 30 Ft
Size Total Text Under 1/2 Acre
Zoning Description C6

https://www.realtor.ca/real-estate/26568587/74-76-st-paul-street-e-st-catharines


ROYAL LEPAGE NRC REALTY
35 Maywood Avenue
St. Catharines, Ontario L2R 1C5

(905) 688-4561
www.homesniagara.com/

JORDAN SAKSENA
Salesperson

(289) 686-2781
ROYAL LEPAGE NRC REALTY
33 Maywood Ave
St. Catharines, Ontario L2R 1C5

(905) 688-4561
www.nrcrealty.ca/