22 Academy Street

St. Catharines, ON

10,835 sqft • Commercial Retail • 366 days on market

$1,299,000Price reduced 4%

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.

Virtual Tour

Virtual Tour Available

3D Tour

Listing Details

Taxes (2025): $30,642
Originally Listed: $1,349,000
Listed: August 22, 2025

Price History

Listing history

Property

Age: 100+
Lot Size: 79.1 x 132 Feet

Location & Legal

Cross Street: ACADEMY ST. & KING ST.
Zoning: M2
Parcel Number: 462190038
Possession: Immediate

Commercial

Occupancy: Partial
Office / Apartment Area: 4525 Sq Ft

Included

Exclusions: Residential tenant personal belongings.

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

Commercial 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 commercial properties in St. Catharines over the last 12 months.

Listed by

ROYAL LEPAGE NRC REALTY

Location

Commercial figures

Building area: 10,835 sq ft
Price per sq ft: $119.89
Annual property tax: $30,642
Tax per sq ft: $2.83

Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.

Reita | Assistant

Online

Reita is an automated assistant, not a licensed real estate agent. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?