$450,000

$499,900For salePrice drop↓ $49,900 (10%)

71 QUEEN Street, St. Catharines (Downtown) - Retail for Sale

71 QUEEN Street, St. Catharines (Downtown), Ontario, L2R5G9

2,000 ft²32 × 62 ft (2,006 sq ft) lot sizeListed 64 days ago

Overview

This retail property in St. Catharines is for sale offering roughly 2,000 sq ft of space. It has been on the market 64 days, fresher than the St. Catharines average of 72 days.

Retail Space for Sale in St. Catharines →All real estate in St. Catharines →

Description

Renovate the existing building, turn into a 4-plex with commercial and apply for St. Catharine Forgivable Loan Program (UP to $150k) or take the baton on this stunning new 6-plex rental property designed by Forestgreen Creations. Zoning permits full residential use or retain the commercial component. Minor variances have already been approved for this sleek contemporary design. All options benefit from a full HST Rebate. (There's talk about potential reduced development fees). 6-plex offers four 3-storey townhomes - each offering 3 bedrooms (or flex space) or 2 bedrooms with private rooftop terraces. Two bright 1-bedroom lower-level units, both designed with exceptional natural light. All options allow for no parking requirement. Open-concept layouts throughout, built for strong cash-flow and quality long-term rentals. Located steps from Montebello Park, in the heart of Downtown St. Catharines. The best of urban living right outside the door. The numbers work. The City is on board. A builder is in place. All details available upon request. (id:66096)

Property Details

MLS®: X13733740
Property Type: Retail
Zoning: M2
Interior Size: 2,000 ft²
Lot Size: 32 × 62 ft (2,006 sq ft)
Frontage: 32 ft
Heating: Not known
Cooling: Unknown, None
Property Tax: $5,983.96/yr
Listed: 64 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

64d

St. Catharines (Downtown) listings, avg age

72d

Price / ft²

$225

List price

$450K

Haho

This retail in St. Catharines (Downtown) has been listed for 64 days, which is 8 days fresher than the city average of 72. Act while there is still low competition.

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Listed by RE/MAX GARDEN CITY UPHOUSE REALTY · Karl Vanderkuip

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L2R)

This home lists at $450,000, about 7.4× the local median household income of $61,200.

Carrying it typically needs a household income of about $87,901 (20% down, 25-yr amortization, stress-tested) — roughly 44% above the area median.

Median household income: $61,200
Population: 25,558
Median age: 40.4
Owner / renter: 50% / 50%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA L2R)

$450,000· $225/ft²

For sale

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Financing

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