249-253 CHURCH Street, St. Catharines, Ontario, L2R 3E8

MLS® # 40804748

Investment For Sale In Queenston, St. Catharines, Ontario

$774,900

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249-253 Church Street, St. Catharines, ON - Outdoor With Exterior

249-253 Church Street, St. Catharines, ON - Indoor Photo Showing Kitchen With Double Sink

249-253 Church Street, St. Catharines, ON - Indoor Photo Showing Kitchen

249-253 Church Street, St. Catharines, ON - Indoor Photo Showing Other Room

249-253 Church Street, St. Catharines, ON - Indoor Photo Showing Bathroom

249-253 Church Street, St. Catharines, ON - Indoor

249-253 Church Street, St. Catharines, ON - Outdoor

249-253 Church Street, St. Catharines, ON -

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249-253 CHURCH Street, St. Catharines, Ontario, L2R 3E8

$774,900

Property Information:

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:27)

Building Features:

Style: Multiplex
Basement Development: Unfinished
Basement Type: Full
Exterior Finish: Aluminum siding, Brick
Floor Space: 4369 sqft
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: None
Appliances: Window Coverings

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Amenities Nearby: Public Transit
Community Features: High Traffic Area
Features: Laundry- Coin operated
Floor Space (approx): 4369 Square Feet
Lot Depth: 64 Feet
Lot Frontage: 54 Feet
Zoning: M1, M3
Sewer: Municipal sewage system
Parking Type: None

Courtesy of: eXp Realty

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