426 Queenston ST new Save Request In-Person Tour Request Virtual Tour
St. Catharines,ON L2P 2Y2
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 31,409 sqft
Price per Sqft $152
Subdivision 455 - Secord Woods
MLS Listing ID X12135223
Annual Tax Amount $45,363
Tax Year 2024
Property Sub-Type Investment
Property Description
Prime Multifamily Investment Opportunity 426 Queenston Street, St. Catharines - Introducing a well-maintained 20-unit multifamily building ideally located in the heart of St. Catharines. This property offers a balanced mix of fully renovated units and well-maintained legacy suites, providing both immediate income and significant value-add potential for the savvy investor. Key capital improvements include: New windows and sliding doors throughout the building, New roof (2015) and asphalt driveway (2017), High-efficiency commercial boiler and hot water tank (2017). Repainted balcony railings (completed 34 years ago). Updated common areas and hallways. Additional income streams include: Coin-operated laundry facilities, Rented storage lockers, with stable existing rents, modern upgrades already completed, and room for further unit renovations or rent optimization, 426 Queenston Street is a strong performer with excellent upside potential in a growing market.
Location
Province ON
County Niagara
Community 455 - Secord Woods
Area Niagara
Interior
Heating Yes
Cooling No
Exterior
Utilities Available Yes