Space
Finished area and layout
- Building Area
- 30,238 sqft
- Bedrooms
- 32
- Bathrooms
- 21
+4 more
32
Bedrooms
21
Bathrooms
30,238 sqft
Building Area
30,238 sqft
Lot
16
Parking
Property Snapshot
Key details for this listing
Property
Type, style and structure
- Type
- residential
- Style
- multiplex / Multiplex
- Structure
- 2-Storey
- Ownership
- Freehold
About This Property
This 32-bedroom, 21-bathroom multiplex in St. Catharines offers 30,238 sqft of building area on a 30,238 sqft lot. The property has zoned R2, C2. The home features central air, a other basement. Highlights include a none pool.
MLS Remarks
Rare opportunity to acquire a 21-unit multifamily investment in St. Catharines' desirable north end with exceptional income today and significant redevelopment potential for tomorrow. With 6 lots providing frontage on both Ontario Street and Embassy Avenue, the property currently generates an approximate 7% cap rate, with a clear path to approximately 9%+ cap rate through lease-up and rental optimization. The site has been the subject of a pre-consultation process with the City, identifying future redevelopment potential (buyer to complete their own due diligence). Investors benefit from strong in-place cash flow while pursuing future planning approvals, creating a unique opportunity to generate income during the entitlement process. Whether you're seeking a stable long-term hold, a value-add apartment investment, or a strategic land assembly with development upside, this offering presents exceptional flexibility in a prime location.
Inclusions
Refrigerator, Stove, Washer, Dryer, ELF'S
Full Listing Details
Address589 Ontario Street, St. Catharines, ON L2N 4N9
MLS#X13701644
Listing StatusNew
Property TypeResidential
Sub-TypeMultiplex
TransactionSale
List DateAug 21, 2026
Days on Market20
Common InterestFreehold
Annual Tax$26,246 (2025)
Parking16
Possession DetailsFlexible
Style2-Storey
ConstructionStucco (Plaster), Wood
Bedrooms32
Bathrooms21
Bedrooms Above Grade32
Kitchens21
CitySt. Catharines
ProvinceOn
Postal CodeL2N 4N9
Lot Size30,238 sqft
ZoningR2, C2
Total Parking16
CoolingCentral Air
BasementOther
RoofAsphalt Shingle
FoundationOther
PoolNone
SewerSewer
Annual Tax$26,246 (2025)
Refrigerator, Stove, Washer, Dryer, ELF'S
All Tenant Belongings
QEW, North on Ontario
Roll Number262906003701500
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