$450,000
For sale: Multiplex

Fully occupied investment property with 2 full kitchens, 3 kitchenettes, 6 full bathrooms, and 8 bedrooms in total. Located just south of the QEW in Downtown St.Catharines Fitzgerald neighbourhood within walking distance to the Fairview Mall and surrounding shopping centres. The main floor has a mutual kitchen and three bedrooms each with their own full ensuite washroom, with the rear unit having its own private exterior entrance, a kitchenette, and an access door into the main space. The basement has a storage and utility area along with another bedroom containing a full ensuite washroom and kitchenette. On the second floor there is a second full kitchen, a shared four-piece bathroom, and 4 bedrooms with the rear bedroom having its own ensuite washroom, kitchenette, and a private exterior entrance with balcony. This property is generating great income for the purchase price and has a great deal of future potential as well.
Sold data
Multiplex homes in St. Catharines (Downtown) 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 89 days.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 (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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