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$839,000
Est. payment /mo
3 Beds
2 Baths
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Subdivision 451 - Downtown
MLS Listing ID X12056186
Style 2-Storey
Bedrooms 3
Annual Tax Amount $2,994
Tax Year 2024
Property Sub-Type Detached
Lot Depth 59.0
Lot Front 25.0
Property Description
Seize this rare investment opportunity in the heart of downtown St. Catharines! This pre-construction project is fully approved for a luxury 4-plex, offering modern, high-end living in a prime location. With city permits secured, architectural plans completed, and servicing reports in place, you're ready to build without the usual red tape. This location is in high demand, attracting Brock University and Niagara College students, professionals, and families alike. Steps from downtown, tenants can enjoy the energy of the city with easy access to the Meridian Centre which is home to the IceDogs and River Lions, the FirstOntario Performing Arts Centre, and a fantastic mix of shops, restaurants, and cafes. For those who need to get around, this property is ideally positioned near the downtown bus hub and GO Train station, with quick access to the 406 and QEW, making travel to Hamilton, Toronto, and surrounding areas a breeze. The existing home, built in 1910, currently serves as a 3-bedroom, 2-bathroom rental, generating $2,100/month until June 30th, offering income while you finalize preparations. Essential updates include a waste stack replacement (2022), serviced A/C (2023), and a well-maintained roof. Whether you're an experienced investor or new to the market, this is an opportunity to add a high-demand rental property to your portfolio. Don't miss out on shaping the future of downtown living!
Location
Province ON
County Niagara
Community 451 - Downtown
Area Niagara
Zoning M2-92
Rooms
Family Room No
Basement Full, Unfinished
Kitchen 1
Interior
Interior Features None
Cooling Central Air
Inclusions Dryer, Refrigerator, Stove, Washer, Building Plans
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 25.0
Lot Depth 59.0
Total Parking Spaces 2
Building
Foundation Unknown
Others
Senior Community No
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Listed by ROYAL LEPAGE NRC REALTY