22 ACADEMY STREET, St. Catharines (Downtown)

$1,175,000

For sale: Other

Other at 22 ACADEMY STREET, St. Catharines (Downtown)
Property type
Commercial Retail
MLS®
MLS® X13659796
Neighbourhood
451 - Downtown

Downtown Mixed-Use Investment Opportunity. Excellent opportunity to acquire a substantial mixed-use property in the heart of downtown. Zoned M2, the building offers approximately 10,835 sq. ft. of above-grade space, along with additional unfinished basement area, providing considerable storage space. The main level features extensive commercial space currently equipped with two commercial kitchens, a full bar, dining areas, and large open areas. With multiple access points, the layout may provide an opportunity to reconfigure the commercial portion into as many as three smaller commercial units, creating the potential for multiple income streams. The second floor contains three residential units, with additional potential for a fourth residential unit on the main floor, subject to applicable approvals. This existing mixed-use configuration provides an opportunity to generate both commercial and residential income while allowing a future owner to further optimize the property. The building is supported by substantial infrastructure, including 400-amp electrical service for the commercial area and 200-amp service for the residential units, an industrial water tank under 10 years old, water filtration system, approximately 1.5-2-inch water feed, two grease traps, basement beverage chillers, and a keg system. Fire and life-safety features include an existing fire safety plan, suppression systems, interconnected fire pulls, and dedicated exits for each residential unit. The property also offers seven on-site parking spaces, complemented by nearby public parking. For qualified purchasers, the seller is open to considering a 3-year Vendor Take-Back (VTB) mortgage. With its downtown location, M2 zoning, substantial floor area, existing mixed-use configuration, and potential for further repositioning, this property presents several possibilities for both current income and future value creation.

Sold data

Homes in St. Catharines (Downtown) — recent sold market

Homes in St. Catharines (Downtown) took a median of 25 days to sell over the last 90 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 44, across 404 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 40 days.

The median sale price was $569,900.

Homes sold for about 2.8% below asking on average, so there was room to negotiate.

About 11% of sales closed above the list price.

Around 25% of sellers reduced their price before finding a buyer.

Median days to sell
25
Median sale price
$569,900
Sale-to-list ratio
97.2%
Sold above asking
11%

Based on 404 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in St. Catharines (Downtown)

St. Catharines (Downtown) has 47 Fraser Institute–rated schools (38 elementary and 9 secondary), averaging 7.3/10.

Rated schools
47
Elementary
38
Secondary
9
Average rating
7.3 / 10

Top-rated schools in St. Catharines (Downtown)

  • Applewood — elementary, St. CatharinesFraser rating 10.0/10
  • Gracefield — elementary, St. CatharinesFraser rating 10.0/10
  • Burleigh Hill — elementary, St. CatharinesFraser rating 9.9/10
  • Oakridge — elementary, St. CatharinesFraser rating 9.6/10
  • Power Glen — elementary, St. CatharinesFraser rating 9.5/10
  • Westdale — elementary, St. CatharinesFraser rating 9.3/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 22 ACADEMY STREET