11
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$4,800,000
Est. payment /mo
31,409 SqFt
New
426 Queenston ST St. Catharines, ON L2P 2Y2
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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
State ON
County Niagara
Community 455 - Secord Woods
Area Niagara
Interior
Heating Yes
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 100.0
Lot Depth 218.0
Others
Security Features No
Listed by KELLER WILLIAMS CO-ELEVATION REALTY