17 Wellington Street St. Catharines, Ontario L2R 5P7

7 Bedroom 4 Bathroom 2334
Ductless, Wall Unit Radiant Heat


Downtown St. Catharines is going through a transformation. High density developments are being approved and construction has begun. This property is located within the provincially-designated Urban Growth Centre boundary for St. Catharines and has potential for high density development! Take advantage of this opportunity by purchasing this versatile property located a stone's-throw from the downtown core, court house, Montebello Park, farmers market, central library, Meridian Centre, Performing Arts Centre, regional transit hub, and lively St. Paul Street. The property is currently zoned R3 and is ideal for investor(s), live-in investor(s), Airbnb hosts, small business owners and families looking for additional income streams, as well as long-term investors looking build high density project(s). Completely rebuilt from top to bottom in 2016, with city permits. The ground floor unit has 3 bedrooms, 1.5 bathrooms, and the upper unit has 4 bedrooms and 1.5 bathrooms. Both units have modern finishes and appliances, and have their own laundry machines and dryers in the basement, which is brightly lit and has plenty of storage space. The parking lot can comfortably accommodate 5-6 vehicles. Potential for vacant possession November 2022. With over $50,000 in gross rent potential and a 6% CAP rate, at market rents. Don't miss your opportunity to buy this downtown gem, book your showing now! (id:38658)

Property Details

MLS® Number 40313056
Property Type Multi-family
Amenities Near By Park, Public Transit, Shopping
Equipment Type Other, Water Heater
Features Park/reserve
Parking Space Total 6
Rental Equipment Type Other, Water Heater


Bathroom Total 4
Bedrooms Total 7
Basement Development Partially Finished
Basement Type Full (partially Finished)
Construction Style Attachment Detached
Cooling Type Ductless, Wall Unit
Exterior Finish Brick
Fire Protection Smoke Detectors
Heating Fuel Natural Gas
Heating Type Radiant Heat
Stories Total 2
Size Interior 2334
Type Duplex
Utility Water Municipal Water


Acreage No
Land Amenities Park, Public Transit, Shopping
Sewer Municipal Sewage System
Size Depth 102 Ft
Size Frontage 40 Ft
Size Total Text Under 1/2 Acre
Zoning Description R3



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