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230 Ontario St, St Catharines, ON

Name: 230 Ontario St, For Sale in St Catharines - eXp Realty
Brand: SAM MCDADI REAL ESTATE INC.
SKU: X13678884
Price: 649900 CAD

House

For Sale

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MLS® X13678884

Key Facts
Description
Map

Key Facts

Type

Levels Commercial Sale

Size 1358 sqft

Garage

Taxes $8,736

Days Active 0

Lot Size

Approx. Age

Avg. Price Per Sqft $478

MLS® Number X13678884

Property Address: 230 Ontario St, St Catharines, ON, L2R5L1

Average square foot calculated using Size range provided by listing agent.

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. Buyers should conduct their own due diligence on zoning, permitted uses, licensing transferability, financials, and future development plan. (id:58753)Show Description

MLS® NumberX13678884

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age

Basement

Driveway

Garage Spaces

HeatForced air, Natural gas

A/CFully air conditioned

Extras

Price History

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$XXX,XXXSold Price

Top Secret

00/00/0000List Date

$XXX,XXXList Price

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