17 Wellington Street

Downtown St. Catharines is going through a transformation. High density developments are being approved and construction has begun. This property is located within the provincially-designated Urban Growth Centre boundary for St. Catharines and has potential for high density development! Take advantage of this opportunity by purchasing this versatile property located a stone's-throw from the downtown core, court house, Montebello Park, farmers market, central library, Meridian Centre, Performing Arts Centre, regional transit hub, and lively St. Paul Street. The property is currently zoned R3 and is ideal for investor(s), live-in investor(s), Airbnb hosts, small business owners and families looking for additional income streams, as well as long-term investors looking build high density project(s). Completely rebuilt from top to bottom in 2016, with city permits. The ground floor unit has 3 bedrooms, 1.5 bathrooms, and the upper unit has 4 bedrooms and 1.5 bathrooms. Both units have modern finishes and appliances, and have their own laundry machines and dryers in the basement, which is brightly lit and has plenty of storage space. The parking lot can comfortably accommodate 5-6 vehicles. Potential for vacant possession November 2022. With over $50,000 in gross rent potential and a 6% CAP rate, at market rents. Don't miss your opportunity to buy this downtown gem, book your showing now!