8 Centre Street,St. Catharines, ON L2R 3A7
St. Catharines, ON L2R 3A7
Description
Welcome to 8 Centre Street is a prime downtown St. Catharines location, just minutes from the city core and within walking distance to St. Paul Street’s shops, restaurants, and amenities, as well as the central bus terminal. The property features two self-contained residential units, each consisting of two bedrooms, a kitchen, and a full bathroom with a bathtub and shower. Each unit also has its own dedicated parking space, plus an additional shared space. In addition, there are eight separately rented parking spaces generating consistent monthly income independent of the residential units. In total, the site offers 11 parking spaces, an increasingly valuable asset in a central urban setting. There is also potential for on-site laundry facilities, further enhancing tenant convenience and improving long term rental appeal. With low annual property taxes and multiple existing income streams, this property offers strong holding potential while future redevelopment, intensification, or value add opportunities are explored. The lot size and configuration provide flexibility for builders and investors looking to capitalize on continued growth and demand in the downtown core. An excellent opportunity for both investors and builders, offering strong in place income with additional potential for future redevelopment or intensification, subject to municipal approvals.
Details
| MLS # | 40847074 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1923 |
| Days On Site | 49 |
| Listing Provided By | Homelife Professionals Realty Inc. | Adrienne Furney |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,820 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | M2 |
| Acreage | 0.13 |
Interior
| Appliances | Water Heater, Refrigerator, Stove |
|---|---|
| Rooms Total | 12 |
| Cooling | Central Air |
| Cooling Yes / No | No |
| Heating | Forced Air, Natural Gas |
| Heating Yes / No | Yes |
| Laundry Features | In Area |
Exterior
| Lot Features | Urban, Rectangular, Business Centre, Hospital, Library, Park, Place of Worship, Public Transit, Schools |
|---|---|
| Construction Materials | Brick |
| Roof | Asphalt Shing |
| Foundation Details | Concrete Block |
Parking
| Open Parking Yes / No | Yes |
|---|
Utilities
| Sewer | Sewer (Municipal) |
|---|
Taxes
| Tax Annual Amount | 4027 |
|---|
Area Information
| Province | ON |
|---|---|
| County | Niagara |
| City | St. Catharines |
| Postal Code | L2R 3A7 |
| Area | St. Catharines |
| Subarea | 451 Downtown |
| Community Name | 451 Downtown |
| Listing VS Median (in 451 Downtown) | |
Price: $619,888 low | high Med: $2,950 sqft: 1,820 low | high Med: 1,839 $ / sqft: $341 low | high Med: $2 On site: 49 low | high Med: 170 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Niagara |
| City | St. Catharines |
| Postal Code | L2R 3A7 |
| Area | St. Catharines |
| Subarea | 451 Downtown |
| Community Name | 451 Downtown |
| Listing VS Median (in 451 Downtown) | |
Price: $619,888 low | high Med: $2,950 sqft: 1,820 low | high Med: 1,839 $ / sqft: $341 low | high Med: $2 On site: 49 low | high Med: 170 | |
