4
Bathrooms
8,483 sqft
Building Area
12
Parking
About This Property
This 4-bathroom retail in St. Catharines offers 8,483 sqft of building area. The property has lot dimensions of Bldg=37.5 x 198.24 FT. The home features forced air, natural gas heating, fully air conditioned. Highlights include a 12-car garage.
MLS Remarks
Exceptional mixed-use investment opportunity in the heart of Downtown St. Catharines. The property offers an attractive Vendor Take-Back (VTB) mortgage at 5.5% for up to two years with only $300,000 down. Insurance is already in place and can be seamlessly assigned to the new owner, ensuring a smooth transition. The building features two street-level commercial units, including a successful restaurant and bar, along with upper-level residential apartments, all with separate utilities. The property is currently configured as two owner-occupied apartments and can be easily converted back to its original four-apartment layout, creating immediate value-add potential.The asset qualifies for the St. Catharines Downtown Forgivable Loan Program (DFLP), offering up to $100,000 in grants for each new residential unit created, plus an additional $50,000 grant for elevator installation or barrier-free improvements. With 12 on-site parking spaces, a full basement, and excellent exposure in a high-traffic downtown location, this property delivers strong existing income, compelling redevelopment incentives, and long-term upside in one of Niagara's most active urban core. (id:60351)
Property History
MLS# X12458193| Date | Event | MLS# | Price | Change |
|---|---|---|---|---|
| Oct 10, 2025 | Listed For Sale | X12458193 | $1,095,000 | — |
MLS data tracked by our system. Earlier records or land registry transfers may not be shown.
Overview
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