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5 Race Street Image 1

$1,950,000

15 hours agoOffice For Sale
bedroomsbed
washrooms0bath
MLS - #X12156727

5 Race Street, St. Catharines, ON L2R 3M1

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Average Price
195000000.0%
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Price Comparison

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Property Description

Property type

Office

Lot size

N/A

Style

Approx. Area

N/A

About 5 Race Street

An exceptional opportunity to acquire a solidly built commercial office and mixed-use building in the heart of downtown St. Catharines. This well-maintained property is currently divided into five tenant spaces, including a spacious two-bedroom residential unit that could easily be converted into additional office space. The layout offers strong potential for reconfiguration, with the ability to accommodate six or more individual tenant areas, making it ideal for investors or business owners seeking flexibility and future growth. Located just seconds from the 406 Highway, the property provides excellent accessibility without the congestion of Saint Paul Street. Its proximity to the downtown core allows for easy access to amenities while still offering quick in-and-out convenience for tenants and clients. There are two parking spaces out front and parking for 11+ cars on the Head Street side of the building on a long term lease. All existing tenants are on month-to-month leases, providing immediate income with the freedom to restructure lease terms, adjust rents, or occupy part of the building as needed. This is a rare chance to own a versatile and strategically positioned commercial asset in a growing urban center. With its solid construction, adaptable layout, and unbeatable location, this property represents exceptional value and long-term potential.

Home Overview

Last updated

15 hours ago

Virtual tour

None

Basement information

Building size

6500

Status

In-Active

Property sub type

Office

Maintenance fee

$N/A

Year built

2024

Listed by SOTHEBY'S INTERNATIONAL REALTY, BROKERAGE

Additional Details

Basement:N/A
Cooling:Yes
Heating:Gas Forced Air Open
Parking Features:N/A

MORTGAGE INFO

ESTIMATED PAYMENT

$0 Principal and Interest
$0 Property Taxes

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