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$ 649,900
Est. payment /mo
New
230 Ontario ST St. Catharines, ON L2R 5L1
1,357 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 1,357 sqft
Price per Sqft $478
Subdivision 451 - Downtown
MLS Listing ID X13678884
Annual Tax Amount $8,736
Tax Year 2026
Property Sub-Type Commercial Retail
Property Description
Exceptional mixed-use investment/owner-occupier opportunity in downtown St. Catharines! This fully fenced, M1-zoned property offers main-floor commercial retail space plus a spacious 3-bedroom apartment above-ideal to live, work, and invest in one centrally located property.The highly visible retail space is owner-occupied as an established cannabis dispensary since October 2022, with a loyal customer base, consistent sales, and growth potential. It was previously ran as a cigar and convenience store for ~20 years, reflecting a long history of retail use. The sale includes the real estate along with existing business assets and goodwill (inventory will be extra cost), subject to T&C. Note: the Cannabis Retail Operator Licence is non-transferable-purchasers must obtain their own licence/approvals to operate the cannabis business. The Retail Store Authorization may be transferable, subject to regulatory approval.The second-floor unit offers 3 bedrooms, two 3-piece bathrooms, and a kitchen with 3 appliances-great for an owner-operator, extended family, or rental income. The partially finished basement adds storage, a small office, a 2-piece bathroom, and laundry facilities.Situated on busy Ontario Street, the property enjoys excellent exposure and multiple signage opportunities, with potential advertising revenue (subject to approvals). Transit is at doorstep , Montebello Park is a 5-minute walk, and the QEW/406 interchange is just 2 minutes away by car. The proposed 492-unit affordable housing development is planned within a 5-minute walk, potentially boosting neighbourhood density, foot traffic, and customer flow. A rare chance for investors, entrepreneurs, or owner-occupiers to secure a strategically located mixed-use property with an established retail presence and flexible living/income potential upstairs. .
Location
State ON
County Niagara
Area Niagara
Interior
Cooling Yes
Exterior
Community Features Major Highway, Public Transit
Utilities Available Yes
Lot Frontage 78.58
Lot Depth 79.92
Others
Security Features No
ParcelsYN No
Virtual Tour https://vimeo.com/1218389392?share=copy&fl=sv&fe=ci
Listed by SAM MCDADI REAL ESTATE INC.