$479,000
For sale: Multiplex

LEGAL DUPLEX!!! Ideally located just steps from vibrant St. Paul Street, this well-maintained, income-generating property presents an exceptional opportunity for investors and owner-occupiers alike. Situated in one of the city's most desirable mixed-use neighbourhoods, this turnkey duplex offers strong rental potential with the flexibility to live in one unit while generating income from the other.The main floor features a spacious 1-bedroom unit with basement access is vacant, providing immediate rental income. The upper level offers a beautifully renovated 2-bedroom unit complete with a private balcony and is also vacant, making it move-in ready or ideal for achieving current market rent.Each unit has its own private laundry facilities, enhancing convenience and tenant appeal. The property has been well cared for and has benefited from numerous updates over the years, including a recent renovation of the upper unit, offering a low-maintenance investment with lasting value.Whether you're looking to expand your investment portfolio, generate positive cash flow, or offset your mortgage by living in one unit and renting the other, this legal duplex offers outstanding versatility in an unbeatable downtown location. Just minutes from restaurants, shopping, entertainment, public transit, parks, schools, and all major amenities, this is a rare opportunity to own a quality income property in one of St. Catharines' most desirable and rapidly growing neighbourhoods.
Sold data
Multiplex homes in St. Catharines (Downtown) took a median of 30 days to sell over the last 365 days, with the quickest quarter selling within 18 days and the slowest quarter taking more than 63, across 45 recorded sales.
The median sale price was $549,900.
Homes sold for about 4.3% below asking on average, so there was room to negotiate.
About 7% of sales closed above the list price.
Around 22% of sellers reduced their price before finding a buyer.
Based on 45 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
St. Catharines (Downtown) has 47 Fraser Institute–rated schools (38 elementary and 9 secondary), averaging 7.3/10.
School ratings from the Fraser Institute's Ontario school report cards.
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