$1,795,000
Available - For Sale
Listing ID: X12421403
5 Race Street , St. Catharines, L2R 3M1, Niagara
| 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. |
| Price | $1,795,000 |
| Taxes: | $19600.00 |
| Tax Type: | Annual |
| Occupancy: | Owner+T |
| Address: | 5 Race Street , St. Catharines, L2R 3M1, Niagara |
| Postal Code: | L2R 3M1 |
| Province/State: | Niagara |
| Directions/Cross Streets: | Geneva and Race |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Office |
| Building Percentage: | T |
| Total Area: | 6500.00 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 90 |
| Office/Appartment Area Code: | % |
| Area Influences: | Major Highway Public Transit |
| Approximatly Age: | 16-30 |
| Sprinklers: | No |
| Washrooms: | 0 |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Yes |
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At a Glance:
| Type: | Com - Office |
| Area: | Niagara |
| Municipality: | St. Catharines |
| Neighbourhood: | 451 - Downtown |
| Approximate Age: | 16-30 |
| Tax: | $19,600 |
| Fireplace: | N |
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