22 Academy Street

451 - Downtown, St. Catharines, L2R 4Z6

$1,099,999

Reduced $75,001 from $1,175,000

Listed 70 days ago · MLS® X13659796

About this home

Downtown Mixed-Use Investment Opportunity. Excellent opportunity to acquire a substantial mixed-use property in the heart of downtown. Zoned M2, the building offers approximately 10,835 sq. ft. of above-grade space, along with additional unfinished basement area, providing considerable storage space. The main level features extensive commercial space currently equipped with two commercial kitchens, a full bar, dining areas, and large open areas. With multiple access points, the layout may provide an opportunity to reconfigure the commercial portion into as many as three smaller commercial units, creating the potential for multiple income streams. The second floor contains three residential units, with additional potential for a fourth residential unit on the main floor, subject to applicable approvals. This existing mixed-use configuration provides an opportunity to generate both commercial and residential income while allowing a future owner to further optimize the property. The building is supported by substantial infrastructure, including 400-amp electrical service for the commercial area and 200-amp service for the residential units, an industrial water tank under 10 years old, water filtration system, approximately 1.5-2-inch water feed, two grease traps, basement beverage chillers, and a keg system. Fire and life-safety features include an existing fire safety plan, suppression systems, interconnected fire pulls, and dedicated exits for each residential unit. The property also offers seven on-site parking spaces, complemented by nearby public parking. For qualified purchasers, the seller is open to considering a 3-year Vendor Take-Back (VTB) mortgage. With its downtown location, M2 zoning, substantial floor area, existing mixed-use configuration, and potential for further repositioning, this property presents several possibilities for both current income and future value creation.

Details

Type: Commercial Retail
Lot: 79.1 × 132 ft
Garage: None
Property tax: $28,651 (2026)
Neighbourhood: 451 - Downtown
Municipality: St. Catharines

Heating, cooling and services

Air conditioning: Yes
Utilities: Yes

Building and exterior

Building area: 10,835 Square Feet

Possession: Flexible
Cross street: ACADEMY ST AND KING ST

Location

Location is approximate. See nearby homes on the map

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The neighbourhood

Getting around Walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: 1 grocery store, 62 cafés and restaurants, 7 parks, 5 pharmacies. Nearest grocery: Medina Halal Meat and Grocery (900 m). Nearest park: Montebello Park (700 m).

Schools nearby

Elementary

French Elite Montessori Private4 min walk
St. Nicholas Catholic Elementary School Catholic
EQAO: Gr 6 reading 82%, math 18%6 min walk
École élémentaire catholique Immaculée-Conception French
EQAO: Gr 6 reading 85%, math 31%6 min walk
Harriet Tubman Public School
EQAO: Gr 6 reading 84%, math 60%15 min walk

Secondary

St. Catharines Collegiate Catholic
EQAO: Gr 9 math 74%, literacy test 85%11 min walk
St. John Adult Learing Centre Catholic1.3 km
Sir Winston Churchill Secondary School
EQAO: Gr 9 math 71%, literacy test 91%2.4 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area L2R

Owners / renters: 50% / 50%
Median household income: $61,200
Average age: 42
Children under 15: 14%
Homes: 49% detached, 13% high-rise
Commute by transit: 5%
Population: 25,558

Languages spoken most at home besides English: Spanish 1.5%, Arabic 0.9%, Mandarin 0.4%, Tagalog (Pilipino, Filipino) 0.4%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area in Niagara Peninsula Conservation’s mapping.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Crime Severity Index for Niagara Region (St. Catharines) police: 54 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Flood and regulation mapping: Niagara Peninsula Conservation open data. Crime Severity Index: Statistics Canada.

Living here

Commute

To Union Station (downtown Toronto): 55 km. Transit times · Driving times

Noise 1 source nearby

🛣️ Highway 406450 m

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by RE/MAX NIAGARA REALTY LTD, BROKERAGE.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

Estimated monthly cost

Mortgage: $4,817
Property tax: $2,388
Total: $7,204

$220,000 down, 25-year amortization at 4.39%.

Cash needed to buy

Down payment: $220,000
Land transfer tax: $18,475
Legal and other costs: ~$2,500
Total: $240,975

First-time buyers can get up to $8,475 of land transfer tax back. All closing costs

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