249-253 CHURCH Street, St. Catharines, Ontario, L2R3E8

Property Description

This mixed-use property presents a compelling value-add investment opportunity in the heart of central St. Catharines, featuring four 2-bedroom residential units and one ground-floor commercial space. With strong in-place residential income and a currently vacant commercial unit, investors have immediate upside potential through lease-up, repositioning, or rental optimization. Positioned in a rapidly evolving downtown corridor, this asset offers both stable cash flow and long-term appreciation in a high-growth urban market. The residential units are well-configured and separately equipped with their own furnace, HVAC system, and hydro meter, minimizing operating expenses and simplifying management. A coin-operated laundry area at the rear of the building provides additional income and convenience for tenants. Current gross monthly income totals $5,729 ($68,748 annually), with further revenue potential available through leasing the vacant commercial unit and future rent growth. Located in a downtown neighbourhood undergoing significant revitalization, the area has seen over $200 million in recent investment, including the redevelopment of the former 11-acre hospital site into new residential communities. With continued infrastructure improvements and residential expansion underway, this corridor is positioned for meaningful transformation. An ideal opportunity for investors seeking a strategic acquisition with immediate income, commercial upside, and long-term growth. (id:64974)

Quick Facts

• Property Type: Multi-family
• Bedrooms: 0
• Bathrooms: 0
• Living Area: 4,369 sq ft (405.9 m²)
• Above Grade: 4,369 sq ft (405.9 m²)
• Ownership: Freehold
• Frontage: 54 ft (16.5 m)

Costs

• Annual Taxes: $10,037.61

Listing Provided by: eXp Realty
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.