249-253 Church Street, St. Catharines, ON, L2R 3E8
Property Details
Multi-5 Unit
Description
Property Details: - Type: Multi-5 Unit - Bedrooms: 0 - Bathrooms: 0 - MLS#: 40804748 Listed By: EXP REALTY
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. This multi-5 unit home located at 249-253 Church Street, St. Catharines is currently for sale and has been available on Zolo.ca for 78 days. This property is listed at $774,900 with an estimated mortgage of $2,852* per month. It has beds, bathrooms, and is 4,369 square feet. 249-253 Church Street, St. Catharines is in the Chester neighborhood St. Catharines. Chester Grant is a nearby neighborhood.
Location
Address
249-253 Church Street, St. Catharines, ON, L2R 3E8
City
St. Catharines
Features and Finishes
None
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