!!2 HOUSES, 1 LOT!! 2-Storey Single-Family With A Commercial Unit In Central St. Catharines!! Assigned

  • $425,000
  • 3 beds
  • 1 baths
Assigned
This is a truly unique property, located right in the heart of St Catharines!! This is a mixed-use space: featuring a 1,500 square foot single-family residence, and a nearly 700 square foot commercial unit with excellent frontage/signage to the main street. In total, the new owner will inherit 2,100+ interior square feet, and the Residential zoning opens up possibilities for a profitable conversion project!! 3 bedrooms upstairs, with an extremely spacious master, plus the business shop is entirely open concept. The commercial unit could easily become a home office for the increasingly growing work-from-home demographic. Parking is located at the back of the property, and the main house is solid brick. Located next to downtown, 12 Mile Creek, parks, restaurants, Hwy 406, QEW, and on a bus line, it doesn’t get more conveniently located than this!! The property also comes with a new roof, 2 gas meters, and 2 furnaces — this is not to be missed!!

We are selling our assignable purchase contract.

Closing is January 11th, 2022
*Please note: There is currently a spousal interest registered against this property’s title. As we understand it, the spousal interest is from a previous owner and it was wrongfully transferred on title after the current Seller purchased the property. However, the Seller’s lawyer is working diligently to have it removed. The Seller expects this interest to be taken off title sometime in December.*

**IMPORTANT: Our lawyers believe at least a portion of this mixed use property’s purchase price (assignment fee excluded) will be subject to HST in addition to the purchase price. Our APS has a standard clause that provides the Buyer will self-assess and remit any HST payable after closing. If the Buyer has a registered HST number, no HST needs to be paid or remitted according to our lawyer. Buyer is to do their due diligence and should verify any HST implications on this sale. The above is NOT a representation or warranty on behalf of our team, it is simply an opinion of our lawyer.**

PROPERTY FEATURES

Single-Family Residence

  • 3 bedrooms (4 bedrooms, as per MPAC)
    • There is currently no partitioning wall between the 2 secondary bedrooms
    • Third bedroom is an upper addition that was built on a long-time-ago (as per Seller)
  • 1 full bathroom
  • Built in 1890
  • Above grade: 1584 sq ft (as per MPAC)
    • First floor: 792 sq ft (as per MPAC)
    • Second floor: 792 sq ft (as per MPAC)
  • Full, unfinished basement: 792 sq ft (as per MPAC)
    • Ceiling height is 5.5 ft (as per Seller)
  • Plaster walls
  • Main floor is currently used as storage, a prep room, and space for the freezers, however the layout is fit for a living room, dining room, and kitchen that is typical of a Single-Family home
  • 100 AMP fuse panel
    • The Seller has disclosed that some knob & tube and galvanized plumbing remains in the house (Buyer to verify)
  • Gas furnace is 20-years-old (as per Seller)
  • No laundry included
  • Some windows were replaced 7-years-ago (as per Seller)
  • Mostly brick exterior
  • The front porch is in need of some TLC (as per Seller)

Commercial Unit

  • This space is currently a butcher shop which is managed and owned by the Seller. The Seller is retiring, and the business is NOT for sale (Buyer to verify)
  • Built in 1890
  • Above grade: 644 sq ft (as per MPAC)
  • Partial, unfinished basement: 166 sq ft (as per MPAC)
    • Access to the basement is located at the back of the shop, through a floor hatch
  • All freezers and display cases will be included
  • Gas furnace is 19-years-old (as per Seller)
  • No laundry included
  • Some windows were replaced 7-years-ago (as per Seller)
  • Vinyl exterior

ADDITIONAL PROPERTY FEATURES

  • All appliances, as well as the security & alarm system (3 indoor, 5 outdoor), will be included
  • The Seller’s equipment will also be included, at the Seller’s discretion (Buyer to verify)
  • HWT is owned and is approximately 6-years-old, located in the basement of the Single-Family Residence and services both structures (as per Seller)
  • Central AC only services the Commercial Unit
  • Roof on both properties are ~3-years-old (as per Seller)
  • 2 gas meters
  • 1 hydro meter
  • 1 water line
  • On municipal services
  • Back entrance of the Single-Family Residence leads out to a 2-3 car driveway
  • There is also space on the lot to park 3 small to medium-size cars near the Commercial Unit
  • Property taxes: ~$4400/year (Buyer to verify)
  • Lot size: 57 ft x 94 ft (as per MPAC)
  • Zoning: R2 (as per MPAC)
    • The R2 zone allows for detached, semis, home based businesses, and duplexes, all of which could be a possible highest and best use of this property. Buyer must verify all other zoning provisions to ensure property would be in full compliance with any of these uses (see HERE, pg. 31) — Buyer to verify

PROPERTY NEEDS

  • Full cosmetic updating
  • New furnaces are recommended
  • Repurpose the commercial unit into a residential unit, if desired (Buyer to verify)

 

Please click HERE for more pictures and information.

Price:
$425,000
Address:
Welland Ave & Ontario St
St. Catherines, ON
Lot Size:
57 ft x 94 ft
Bedrooms:
3
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Other
Year Built:
1890

Call (289) 200-1500 for more details

Property Location