Address
230 Ontario Street, St. Catharines (Downtown), ON
Price
$ 649,900
Property Attributes
- ID#X13678884
- TypeCommercial
- Listing Status Active
- MunicipalitySt. Catharines (Downtown)
- CitySt. Catharines (Downtown)
- Area451 - Downtown
- Neighbourhood451 - Downtown
- Postal CodeL2R 5L1
- Style
- Price$ 649,900
- Bedrooms0
- Bathrooms0
- Half Bathrooms0
- Sqr Footage1358
Data Source:
Canadian Real Estate Association (CREA)
Property Description
Exceptional mixed-use investment/owner-occupier opportunity in downtown St. Catharines! This fully fenced, M1-zoned property offers main-floor commercial retail space plus a spacious 3-bedroom apartment above-ideal to live, work, and invest in one centrally located property.The highly visible retail space is owner-occupied as an established cannabis dispensary since October 2022, with a loyal customer base, consistent sales, and growth potential. It was previously ran as a cigar and convenience store for ~20 years, reflecting a long history of retail use. The sale includes the real estate along with existing business assets and goodwill (inventory will be extra cost), subject to T&C. Note: the Cannabis Retail Operator Licence is non-transferable-purchasers must obtain their own licence/approvals to operate the cannabis business. The Retail Store Authorization may be transferable, subject to regulatory approval.The second-floor unit offers 3 bedrooms, two 3-piece bathrooms, and a kitchen with 3 appliances-great for an owner-operator, extended family, or rental income. The partially finished basement adds storage, a small office, a 2-piece bathroom, and laundry facilities.Situated on busy Ontario Street, the property enjoys excellent exposure and multiple signage opportunities, with potential advertising revenue (subject to approvals). Transit is at doorstep , Montebello Park is a 5-minute walk, and the QEW/406 interchange is just 2 minutes away by car. The proposed 492-unit affordable housing development is planned within a 5-minute walk, potentially boosting neighbourhood density, foot traffic, and customer flow. A rare chance for investors, entrepreneurs, or owner-occupiers to secure a strategically located mixed-use property with an established retail presence and flexible living/income potential upstairs. . (id:7434)
General Features
| Property Type | Retail |
|---|---|
| Zoning Description | M1 |
| CommunityName | 451 - Downtown |
| Amenities | Highway, Public Transit |
| Building Appliances | Blinds, Dishwasher, Dryer, Washer |
| Building Cooling Type | Fully air conditioned |
| Location Description | Cross Streets: SE corner of Ontario St and Lowell Ave. ** Directions: Take Ontario St exit from QEW and drive 2 KM towards downton St Catherines. |
Interior Features
| Building Fireplace Present | False |
|---|---|
| Building Heating Type | Forced air |
| Building Heating Fuel | Natural gas |
| Living Area Range | 1358 |
Exterior Features
| Land Amenities | Highway, Public Transit |
|---|
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in L2R 5L1
Price
In The Neighbourhood
St. Catharines (Downtown)
$ 2,990,000
- Type
- Commercial
- Size
- 5,998 SqFt
ROYAL LEPAGE REAL ESTATE SERVICES LTD.
St. Catharines (Downtown)
$ 1,140,000
- Type
- Commercial
- Size
- 3,000 SqFt
HOMELIFE SUPERSTARS REAL ESTATE LIMITED
St. Catharines (Downtown)
$ 1,439,000
- Type
- Commercial
- Size
- 3,795 SqFt
CENTURY 21 SKYLARK REAL ESTATE LTD.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
