New
Commercial · For sale6 days ago$2,699,000
St. Catharines · Port Weller
8 bed4 bath
MLS® X14145404RE/MAX NIAGARA REALTY LTD, BROKERAGE
$2,990,000
Added Aug 21, 2026
Property type
Land
Lot
121.26 × 174.74 Feet
Taxes
$26,246 /yr
MLS®
X13701648
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Listed by
ROYAL LEPAGE NRC REALTY COMPASS ESTATES
Source
TRREB
Days on market
78
Added
Aug 21, 2026
Rare opportunity to acquire a 21-unit multifamily investment in St. Catharines' desirable north end with exceptional income today and significant redevelopment potential for tomorrow. With 6 lots providing frontage on both Ontario Street and Embassy Avenue, the property currently generates an approximate 7% cap rate, with a clear path to approximately 9%+ cap rate through lease-up and rental optimization. The site has been the subject of a pre-consultation process with the City, identifying future redevelopment potential (buyer to complete their own due diligence). Investors benefit from strong in-place cash flow while pursuing future planning approvals, creating a unique opportunity to generate income during the entitlement process. Whether you're seeking a stable long-term hold, a value-add apartment investment, or a strategic land assembly with development upside, this offering presents exceptional flexibility in a prime location.
589 Ontario Street, St. Catharines, ONGet directions
Estimate your monthly payment
Estimated monthly payment
$13,282/mo
Principal + interest
$13,282
Total interest
$1,592,582
Estimate only. Excludes property taxes, heating and maintenance. Rates and terms subject to lender approval.
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$2,699,000
St. Catharines · Port Weller
