5 Race Street, St. Catharines, ON L2R 3M1
$1,590,000
$1,590,000
MLS®#:
X12992136
Property Type:
Office
Property Style:
Area:
Niagara
Community:
451 - Downtown
Taxes:
$20,418 / 2025
Added:
April 13 2026
Lot Frontage:
46.15
Lot Depth:
0
Status:
Active
Outside:
Year Built:
Brokerage:
COLLIERS INTERNATIONAL NIAGARA LTD.
Intersection:
Carlisle Street
Rooms:
Bedrooms:
Bathrooms:
Fireplace:
Utilities
Water:
Municipal
Cooling:
Yes
Heating Type:
Gas Forced Air Closed
Heating Fuel:

Listing Details

Excellent opportunity for an owner-occupier or investor to acquire a flexible mixed-use building in downtown St. Catharines. Currently configured into five units, including a two-bedroom residential suite, this property offers immediate income with the ability to occupy space for your own business while benefiting from rental revenue. All tenants are on month-to-month leases, providing maximum flexibility to reposition the building, adjust rents, or reconfigure the layout. The existing configuration lends itself well to a "run your business and collect income" model, with additional upside through the potential to convert one or more units to residential use. Strategically located just seconds from Highway 406, the property offers excellent accessibility without the congestion of St. Paul Street, while remaining within close proximity to the downtown core and its amenities. On-site parking includes two spaces at the front and 11+ additional spaces along Head Street under a long-term arrangement. This is a well-maintained building with strong fundamentals, flexible tenancy, and value-add potential in a growing urban location.

Insights

  1. Flexible Mixed-Use Configuration: The property is currently configured into five units, including a two-bedroom residential suite, allowing for immediate rental income while providing the option for owner-occupancy. This flexibility is ideal for buyers looking to run a business and generate income simultaneously.
  2. Strategic Location: Located just seconds from Highway 406, the property offers excellent accessibility to major routes while being close to downtown amenities. This prime location enhances its appeal for both tenants and customers, potentially increasing foot traffic and rental demand.
  3. Value-Add Potential: With all tenants on month-to-month leases, the property provides maximum flexibility for repositioning, adjusting rents, or reconfiguring the layout. Additionally, there is potential to convert units to residential use, which could further increase the property's value in a growing urban area.

Neighborhood Overview

Complete neighborhood profile for 5 Race Street

451 - Downtown home prices

Average sold price for Detached, Semi-Detached, Condo, Townhomes in 451 - Downtown
* Data is provided courtesy of TRREB (Toronto Regional Real-estate Board)