333-341 Merritt Street

About this home

Extremely rare investment opportunity with up to 9 rental units, retail, residential, a long established appliance sale/repair business (1976) is included and further possible land development. The property currently includes 3 retail storefronts, one restaurant/bar with parking, 4 residential apartments, a fenced rear compound lot, further parking lot and an onsite detached house with private parking. This exclusive land assembly offering demonstrating pride of ownership, presents a rare opportunity to acquire a strategically assembled portfolio of up to 5 income-producing mixed-use properties stretching over 1 full block of street frontage free city street parking, 198 ft deep lot and a strong combination of commercial and residential revenue streams. Positioned within established and evolving markets on a thriving main arterial route servicing south St. Catharines. The portfolio offers immediate cash flow, long-term stability, and significant upside potential for both private and institutional investors. Buyer to do their own due diligence regarding the potential for a scaled townhouse build at the rear of the property on Walnut Lane. Parking potential or 15 or more vehicles updated furnace and roof, floor plans available.24 hrs notice for showings

Details

Type

Investment

Age

51-99 years

Lot

132.03 × 198.18 ft

Garage

None

Property tax

$22,038 (2025)

Neighbourhood

456 - Oakdale

Municipality

St. Catharines

Heating, cooling and services

Heating

Baseboard

Air conditioning

Partial

Utilities

Yes

Building and exterior

Age

51-99 years

Building area

10,765 Square Feet

More

Possession

Flexible

Cross street

Glendale