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$ 649,999
Est. payment /mo
New
331 QUEENSTON STREET St. Catharines (e. Chester), ON L2P2X8
6 Beds
2 Baths
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500 - 2000
Subdivision 450 - E. Chester
MLS® Listing ID X14160128
Bedrooms 6
Half Baths 1
Property Sub-Type Freehold
Property Description
EXCEPTIONAL INVESTMENT & DEVELOPMENT OPPORTUNITY - 6-BEDROOM HOME GENERATING $4,750 MONTHLY WITH POTENTIAL FOR UP TO 24 RESIDENTIAL UNITS! Welcome to 331 Queenston Street, St. Catharines, an outstanding income-producing property offering an exceptional combination of immediate cash flow, generous lot size and exciting future development potential. Currently generating $4,750 MONTHLY ($57,000 ANNUALLY) in gross rental income, this spacious three-storey home sits on an impressive lot extending approximately 305 FEET DEEP, offering a rare opportunity for investors, builders and developers. With zoning permitting the potential development of UP TO 24 RESIDENTIAL UNITS, subject to municipal approvals and development requirements, this property presents significant possibilities for future intensification while generating rental income today. The existing residence features 6 generously sized bedrooms, 2 full bathrooms and an abundance of functional living space across three levels. The main floor offers a spacious living room, a well-appointed kitchen equipped with a gas stove, refrigerator and dishwasher, two bedrooms, convenient main-floor laundry and an inviting enclosed porch. The second level features three additional bedrooms and a four-piece bathroom, while the third floor offers a spacious loft-style sixth bedroom complete with vaulted ceilings, exposed architectural beams and built-in storage. Throughout the home, you'll appreciate the character of the original wood trim, attractive flooring, generous room sizes and functional layout. (id:24570)
Location
Province ON
Rooms
Kitchen 1.0
Extra Room 1 Second level 1.89 m X 2.11 m Bathroom
Extra Room 2 Second level 3.2 m X 3.41 m Bedroom 3
Extra Room 3 Second level 3.17 m X 5.67 m Bedroom 4
Extra Room 4 Second level 3.48 m X 3.26 m Bedroom 5
Extra Room 5 Main level 2.4 m X 5.3 m Mud room
Extra Room 6 Main level 1.55 m X 3.12 m Foyer
Interior
Fireplaces Number 1
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 6
Garage No
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Others
Ownership Freehold
Listed by The Agency
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