$1,275,000
Available - For Sale
Listing ID: X12855940
22 Academy Street , St. Catharines, L2R 4Z6, Niagara
| If you have been waiting for a downtown asset with scale, flexibility, and real upside, this is the one for you! Zoned M2 and located in the heart of downtown, this high-visibility property offers approximately 10,835 sq ft above-grade plus unfinished basement space. The main floor is currently configured with 2 commercial kitchens, a full bar, dining areas, and expansive open zones. Multiple entrances support strategic reconfiguration, including the potential to divide the space into 3 micro commercial units, opening the door to diversified revenue streams and stronger long-term stability for tenants and ownership alike. The second floor includes 3 residential units, with potential to add a 4th unit on the main level, strengthening the overall income profile. The existing mixed-use layout provides opportunities for immediate revenue while leaving room to optimize and intensify over time. From a systems standpoint, the infrastructure is already in place to support commercial-scale operations. The building is well-equipped with 400amp service to the commercial space and 200amp to the residential units. It also includes an industrial water tank under 10 years old, a water filtration system, approximately 1.5 to 2-inch water feed, 2 grease traps, basement chillers for pop guns, and a bar keg setup. Fire safety measures are in place with a fire safety plan, suppression systems, interconnected fire pulls, and dedicated exits for each residential unit. Additionally, 7 on-site parking spaces plus ample nearby public parking further support commercial and residential use. To support the next stage of development or repositioning, the seller is open to a 3-year VTB. The rare combination of zoning, square footage, and central positioning creates multiple avenues for income today and development potential for tomorrow. |
| Price | $1,275,000 |
| Taxes: | $28651.00 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | Partial |
| Address: | 22 Academy Street , St. Catharines, L2R 4Z6, Niagara |
| Postal Code: | L2R 4Z6 |
| Province/State: | Niagara |
| Directions/Cross Streets: | ACADEMY ST. & KING ST. |
| 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 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Multi-Use |
| Building Percentage: | T |
| Total Area: | 10835.00 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 4525 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area Code: | Sq Ft |
| Area Influences: | Major Highway Public Transit |
| Sprinklers: | Part |
| Washrooms: | 0 |
| Heat Type: | Other |
| Central Air Conditioning: | Yes |
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| ROYAL LEPAGE NRC REALTY |
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Niagara |
| Municipality: | St. Catharines |
| Neighbourhood: | 451 - Downtown |
| Tax: | $28,651 |
| Fireplace: | N |
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