42 LEEPER STREET, St. Catharines (Western Hill)

$499,000

For sale: Multiplex

Property type

Multi-family

Bedrooms / bathrooms

2 bedrooms, 3 bathrooms

Living area

2,000 sqft

MLS number

MLS® X12975544

Neighbourhood

458 - Western Hill

Welcome to 42 Leeper Street - A Triplex with Income & Development Potential! Featuring two spacious one-bedroom units and a cozy bachelor unit - perfect for living on the main floor while the upper units help to offset your mortgage. Sitting on an expansive lot (57' x 157.5') with R2 zoning, this property offers exciting development possibilities, including the potential to add an accessory dwelling unit (ADU). The City of St. Catharines ADU Program supports qualifying homeowners who want to create a secondary unit on their property, offering a one-time grant to help offset project costs. This program encourages additional rental housing in the city and can increase the property's income potential. Ideally located within walking distance to the St. Catharines GO Train Station and vibrant Downtown, you'll enjoy easy access to local shops, cafes, restaurants, and entertainment venues including the Performing Arts Centre and Meridian Credit Union Centre. Convenience is at your fingertips with nearby shopping centres, Brock University, and Niagara Health - Marotta Family Hospital all just minutes away. This property combines investment potential, possible development opportunities, and a prime location. It is perfect for a first-time homebuyer looking for an affordable entry into homeownership with future income potential, or an investor seeking a reliable property with immediate cash flow and possible long-term development opportunities. Come see all that 42 Leeper has to offer!