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$ 1,950,000
Est. payment /mo
New
5 Race ST St. Catharines, ON L2R 3M1
6,500 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 6,500 sqft
Price per Sqft $300
Subdivision 451 - Downtown
MLS Listing ID X12156727
Building Age 16-30
Annual Tax Amount $19,600
Tax Year 2024
Property Sub-Type Office
Lot Depth 85.0
Lot Front 46.15
Property Description
An exceptional opportunity to acquire a solidly built commercial office and mixed-use building in the heart of downtown St. Catharines. This well-maintained property is currently divided into five tenant spaces, including a spacious two-bedroom residential unit that could easily be converted into additional office space. The layout offers strong potential for reconfiguration, with the ability to accommodate six or more individual tenant areas, making it ideal for investors or business owners seeking flexibility and future growth. Located just seconds from the 406 Highway, the property provides excellent accessibility without the congestion of Saint Paul Street. Its proximity to the downtown core allows for easy access to amenities while still offering quick in-and-out convenience for tenants and clients. There are two parking spaces out front and parking for 11+ cars on the Head Street side of the building on a long term lease. All existing tenants are on month-to-month leases, providing immediate income with the freedom to restructure lease terms, adjust rents, or occupy part of the building as needed. This is a rare chance to own a versatile and strategically positioned commercial asset in a growing urban center. With its solid construction, adaptable layout, and unbeatable location, this property represents exceptional value and long-term potential.
Location
Province ON
County Niagara
Community 451 - Downtown
Area Niagara
Interior
Cooling Yes
Exterior
Community Features Major Highway, Public Transit
Utilities Available Yes
Lot Frontage 46.15
Lot Depth 85.0
Others
Security Features No
Virtual Tour https://my.matterport.com/show/?m=e4LdfEoZScW
Listed by SOTHEBY'S INTERNATIONAL REALTY, BROKERAGE
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