St. Catharines, Downtown, L2R 4H4
$839,000
Listed by ROYAL LEPAGE NRC REALTY.
Seize this rare investment opportunity in the heart of downtown St. Catharines! This pre-construction project is fully approved for a luxury 4-plex, offering modern, high-end living in a prime location. With city permits secured, architectural plans completed, and servicing reports in place, you're ready to build without the usual red tape. This location is in high demand, attracting Brock University and Niagara College students, professionals, and families alike. Steps from downtown, tenants can enjoy the energy of the city with easy access to the Meridian Centre which is home to the IceDogs and River Lions, the FirstOntario Performing Arts Centre, and a fantastic mix of shops, restaurants, and cafes. For those who need to get around, this property is ideally positioned near the downtown bus hub and GO Train station, with quick access to the 406 and QEW, making travel to Hamilton, Toronto, and surrounding areas a breeze. The existing home, built in 1910, currently serves as a 3-bedroom, 2-bathroom rental, generating $2,100/month until June 30th, offering income while you finalize preparations. Essential updates include a waste stack replacement (2022), serviced A/C (2023), and a well-maintained roof. Whether you're an experienced investor or new to the market, this is an opportunity to add a high-demand rental property to your portfolio. Don't miss out on shaping the future of downtown living!
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The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.
The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.
This property has been sold 6 times before. To view this property's sale price history please sign in or register: