$299,000
For sale: Multiplex

Attention developers, investors, renovators and ambitious DIYers! Offering an impressive 3,586 sq. ft. of space, 18 Merritt Street has been approved for redevelopment into a legal fourplex, with the building permit already issued. Professionally stripped to the studs and prepared for construction, the property provides a blank canvas for your vision-with the groundwork in place to get started. Located in the heart of Niagara's largest city, this rare investment opportunity offers the potential to expand your rental portfolio, attract quality tenants and establish current market rents. Property is being sold "as is, where is." Some photo's have been virtually staged.
Sold data
Multiplex homes in St. Catharines (Burleigh Hill) took a median of 29 days to sell over the last 365 days, with the quickest quarter selling within 18 days and the slowest quarter taking more than 62, across 43 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 89 days.
The median sale price was $539,900.
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 21% of sellers reduced their price before finding a buyer.
Based on 43 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 (Burleigh Hill) 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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