230 Ontario Street,St. Catharines, ON L2R 5L1
St. Catharines, ON L2R 5L1
Description
Exceptional mixed-use investment/owner-occupier opportunity in downtown St. Catharines! This fully fenced, M1-zoned property offers main-floor commercial retail space plus a spacious 3-bedroom apartment above-ideal to live, work, and invest in one centrally located property.The highly visible retail space is owner-occupied as an established cannabis dispensary since October 2022, with a loyal customer base, consistent sales, and growth potential. It was previously ran as a cigar and convenience store for ~20 years, reflecting a long history of retail use. The sale includes the real estate along with existing business assets and goodwill (inventory will be extra cost), subject to T&C. Note: the Cannabis Retail Operator Licence is non-transferable-purchasers must obtain their own licence/approvals to operate the cannabis business. The Retail Store Authorization may be transferable, subject to regulatory approval.The second-floor unit offers 3 bedrooms, two 3-piece bathrooms, and a kitchen with 3 appliances-great for an owner-operator, extended family, or rental income. The partially finished basement adds storage, a small office, a 2-piece bathroom, and laundry facilities.Situated on busy Ontario Street, the property enjoys excellent exposure and multiple signage opportunities, with potential advertising revenue (subject to approvals). Transit is at doorstep , Montebello Park is a 5-minute walk, and the QEW/406 interchange is just 2 minutes away by car. The proposed 492-unit affordable housing development is planned within a 5-minute walk, potentially boosting neighbourhood density, foot traffic, and customer flow. A rare chance for investors, entrepreneurs, or owner-occupiers to secure a strategically located mixed-use property with an established retail presence and flexible living/income potential upstairs. .
Details
| MLS # | X13678884 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 10 |
| Listing Provided By | SAM MCDADI REAL ESTATE INC. | X13678884 193800 |
Features
| SQ Feet | 1,357 |
|---|---|
| Acreage | 0.03 |
Interior
| Cooling | Yes |
|---|
Exterior
| Community Features | Major Highway, Public Transit |
|---|---|
| Security Features | No |
Utilities
| Utilities | Yes |
|---|
Taxes
| Tax Annual Amount | 8736.4 |
|---|---|
| Tax Type | Annual |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| County | Niagara |
| City | St. Catharines |
| Postal Code | L2R 5L1 |
| Area | 451 Downtown |
| Listing VS Median (in L2R 5L1) | |
Price: $649,900 low | high Med: $649,900 sqft: 1,357 low | high Med: 1,357 $ / sqft: $479 low | high Med: $479 On site: 10 low | high Med: 10 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Niagara |
| City | St. Catharines |
| Postal Code | L2R 5L1 |
| Area | 451 Downtown |
| Listing VS Median (in L2R 5L1) | |
Price: $649,900 low | high Med: $649,900 sqft: 1,357 low | high Med: 1,357 $ / sqft: $479 low | high Med: $479 On site: 10 low | high Med: 10 | |
