$425,000
For sale: Multiplex

LEGAL DUPLEX - VACANT UPPER UNIT - EXCELLENT INVESTMENT OPPORTUNITY. Excellent opportunity to own a legal duplex in an established St. Catharines neighbourhood offering immediate rental income and strong future income potential. The main floor and lower level are occupied by great long-term tenants, providing reliable income from day one. The vacant second-floor unit gives the new owner the flexibility to select their own tenant and establish current market rent, creating an attractive opportunity to maximize overall income. For an owner-occupier, move into the vacant upper unit while benefiting from substantial rental income from the existing tenanted portion to help offset mortgage and carrying costs. The property features two self-contained units with separate private entrances and separate hydro meters. Additional features include an updated kitchen, coin laundry, private driveway, and front and rear decks. Conveniently located in the established Haig Street neighbourhood within walking distance of downtown St. Catharines, shopping, restaurants, entertainment and public transit. With legal duplex status, established tenants, a vacant upper unit, separate hydro meters, and strong income potential, this is a compelling opportunity for investors and owner-occupiers alike.
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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 89 days.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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