249-253 Church Street,St. Catharines, ON L2R 3E8
St. Catharines, ON L2R 3E8
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.
Details
| MLS # | 40804748 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 188 |
| Listing Provided By | eXp Realty | Jay Shaw |
Features
| SQ Feet | 4,369 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Zoning | M1, M3 |
| Acreage | 0.08 |
Interior
| Interior Features | None |
|---|---|
| Cooling | None |
| Cooling Yes / No | No |
| Heating | Forced Air, Natural Gas |
| Heating Yes / No | Yes |
| Window Features | Window Coverings |
| Laundry Features | Coin Operated, Shared |
Exterior
| Lot Features | Rectangular, City Lot, High Traffic Area, Public Transit |
|---|---|
| Construction Materials | Aluminum Siding, Brick |
| Roof | Asphalt |
Utilities
| Sewer | Sewer (Municipal) |
|---|
Taxes
| Tax Annual Amount | 10037.61 |
|---|
Area Information
| Province | ON |
|---|---|
| County | Niagara |
| City | St. Catharines |
| Postal Code | L2R 3E8 |
| Area | St. Catharines |
| Subarea | 450 E. Chester |
| Community Name | 450 E. Chester |
| Listing VS Median (in 450 E. Chester) | |
Price: $774,900 low | high Med: $399,900 sqft: 4,369 low | high Med: 1,005 $ / sqft: $177 low | high Med: $398 On site: 188 low | high Med: 48.5 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Niagara |
| City | St. Catharines |
| Postal Code | L2R 3E8 |
| Area | St. Catharines |
| Subarea | 450 E. Chester |
| Community Name | 450 E. Chester |
| Listing VS Median (in 450 E. Chester) | |
Price: $774,900 low | high Med: $399,900 sqft: 4,369 low | high Med: 1,005 $ / sqft: $177 low | high Med: $398 On site: 188 low | high Med: 48.5 | |
