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Listed 2 months ago

5 Court Street

451 - Downtown, St. Catharines

$1,290,000

Detached|2-Storey
5 | 3 | 2
About this home

Exceptional mixed-use commercial and residential property offering good income potential in a prime downtown location. Situated just a 5-minute walk to the St. Catharines Downtown Transit Terminal, this extensively renovated building is ideal for investors or owner-operators seeking multiple income streams.The main floor features a fully equipped restaurant space with a newly built commercial kitchen, now is rented to a Chineses take out retreatant. Also on the ground level, with its own separate entrance, is a spacious commercial-zoned residential unit offering 1 bedroom, 1 bathroom, an open-concept living and dining area, kitchen, and in-suite laundry. A separate entrance leads to the second floor, currently configured for room rentals, featuring 5 bedrooms, 2 full bathrooms, a shared kitchen and dining area, and a dedicated laundry space, providing excellent rental income potential.The property has undergone extensive renovations, including ESA-certified electrical upgrades, updated plumbing on the second floor, and newer furnace and air conditioning systems, offering peace of mind for years to come. Whether you're looking to expand your investment portfolio, operate your own business while generating residential rental income, or capitalize on the strong demand for downtown housing, this versatile property presents an exceptional opportunity in a thriving location.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. Age51-99
Size2000-2500 sq. ft.
Property Tax$8,500
Lot Size37.5 ft x 116.13 ft
mls© NumberX13518978
Listed ByWisdomax Realty LTD

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$6,603
Property tax
$708
Heat allowance
$150
Housing costs
$7,461 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $258,000
25-yr amortization

Income needed

$230,000

gross annual household income

Payment at 4%
$5,429 / mo
Cash down
$258,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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