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Tony & Ledi Real Estate Team

info@tonyledi.com +1(647) 493-3579

Est. payment | -/mo

32 Beds

21 Baths

0.5 Acres Lot

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Est. payment | -/mo

Save

32 Beds

21 Baths

0.5 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5000 +

Subdivision 438 - Port Dalhousie

MLS Listing ID X13701644

Style 2-Storey

Bedrooms 32

Annual Tax Amount $26,246

Tax Year 2025

Lot Size 0.500 Acres

Property Sub-Type Multiplex

Property Description

Rare opportunity to acquire a 21-unit multifamily investment in St. Catharines' desirable north end with exceptional income today and significant redevelopment potential for tomorrow. With 6 lots providing frontage on both Ontario Street and Embassy Avenue, the property currently generates an approximate 7% cap rate, with a clear path to approximately 9%+ cap rate through lease-up and rental optimization. The site has been the subject of a pre-consultation process with the City, identifying future redevelopment potential (buyer to complete their own due diligence). Investors benefit from strong in-place cash flow while pursuing future planning approvals, creating a unique opportunity to generate income during the entitlement process. Whether you're seeking a stable long-term hold, a value-add apartment investment, or a strategic land assembly with development upside, this offering presents exceptional flexibility in a prime location.

Location

Province ON

County Niagara

Area Niagara

Zoning R2, C2

Rooms

Family Room No

Basement Other

Kitchen 21

Interior

Interior Features Other

Cooling Central Air

Inclusions Refrigerator, Stove, Washer, Dryer, ELF'S

Exterior

Pool None

Roof Type Asphalt Shingle

Lot Frontage 121.26

Lot Depth 174.74

Total Parking Spaces 16

Building

Foundation Other

Others

Senior Community No

ParcelsYN Yes

Listed by ROYAL LEPAGE NRC REALTY COMPASS ESTATES

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(647) 493-3579

info@tonyledi.com

CAN

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589 Ontario ST St. Catharines, ON L2N 4N9