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Vacant Building In St. Catharines For Sale

St. Catharines, Ontario, Canada
Asking Price:
$399,800 (CAD)
Sales Revenue:
Not applicable
Cash Flow:
Not applicable

Explore the potential of this centrally located mixed-use property in Catharines, ON. The property features 2,766 SF of 3- to 2- 2BD apartments and a front office space.
M1 zoning allows for light industrial use, retail, or office space with residential units above or behind. The property is currently vacant and in need of repair.

This property presents an opportunity to renovate, add value, and potentially increase the number of residential units. The potential ARV value is well over $700,000. Ideal for investors ready to take advantage of the property’s location and potential.

Property Information

Real Estate:

Real Property Included

Premises Details:

State of Repair Disclosure:
Foundation and Basement: Noticeable water damage, some mold presence, and potential asbestos in pipe insulation. Two oil tanks in the basement. Potential cracks in the foundation.
Roof: Partially replaced due to leakage, may require further replacement.
Windows: Most windows are outdated and need repairs/ replacement.
Interior: Some renovation has been done in 2 units, requires further renovations across the rooms in the front unit, basement, and office area.

Size in square feet:
2,766

Business Operation

Expansion Potential:

Potential to convert to 5-plex with an office, subject to permits.