249 CHURCH Street
St. Catharines, Ontario
Multi-family
This mixed-use property presents a compelling value-add investment opportunity in the heart of central St. Catharines, featuring four 2-bedroom residential units and one ground-floor commercial space. With strong in-place residential income and a currently vacant commercial unit, investors have immediate upside potential through lease-up, repositioning, or rental optimization. Positioned in a rapidly evolving downtown corridor, this asset offers both stable cash flow and long-term appreciation in a high-growth urban market. The residential units are well-configured and separately equipped with their own furnace, HVAC system, and hydro meter, minimizing operating expenses and simplifying management. A coin-operated laundry area at the rear of the building provides additional income and convenience for tenants. Current gross monthly income totals $5,729 ($68,748 annually), with further revenue potential available through leasing the vacant commercial unit and future rent growth. Located in a downtown neighbourhood undergoing significant revitalization, the area has seen over $200 million in recent investment, including the redevelopment of the former 11-acre hospital site into new residential communities. With continued infrastructure improvements and residential expansion underway, this corridor is positioned for meaningful transformation. An ideal opportunity for investors seeking a strategic acquisition with immediate income, commercial upside, and long-term growth.
Price History
Schools
Elementary
- ÉÉC Immaculée-Conception0.5 km
French Catholic · CS catholique MonAvenir · 140 students
Grade 3 reading: 82% met the provincial standard · Grade 6 math: 31% met the provincial standard
- Connaught Public School0.5 km
Public · DSB Niagara · 405 students
Grade 3 reading: 90% met the provincial standard · Grade 6 math: 86% met the provincial standard
- St Nicholas Catholic Elementary School0.6 km
Catholic · Niagara CDSB · 215 students
Grade 3 reading: 78% met the provincial standard · Grade 6 math: 18% met the provincial standard
Secondary
- St Catharines Collegiate Institute and Vocational School0.9 km
Public · DSB Niagara · 700 students
Grade 10 literacy: 85% met the provincial standard
- Laura Secord Secondary School2.3 km
Public · DSB Niagara · 635 students
Grade 10 literacy: 85% met the provincial standard
- Sir Winston Churchill Secondary School2.5 km
Public · DSB Niagara · 1025 students
Grade 10 literacy: 91% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area L2R
- Population
- 25,558
- Private dwellings
- 13,117
- Median age
- 40.4
- Average household size
- 2.1
- Median household income
- $61,200
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Multi-family in St. Catharines · last 12 months
- Median sold price
- $540,000
- Homes sold
- 1,611
- Median days on market
- 26
- Sale-to-list price
- 96.6%
Based on 1,611 recorded sales of multi-family properties in St. Catharines over the last 12 months.
Location
Mortgage Calculator
$154,980
Estimated Monthly Payment
$3,807
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,807/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $194/mo
Estimates only. Consult a financial advisor.
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