Room 1
Level not provided
589 Ontario St
Port Dalhousie, St. Catharines, Ontario L2N 4N9
Description
Rare opportunity to acquire a 21-unit multifamily investment in St. Catharines' desirable north end with exceptional income today and significant redevelopment potential for tomorrow. With 6 lots providing frontage on both Ontario Street and Embassy Avenue, the property currently generates an approximate 7% cap rate, with a clear path to approximately 9%+ cap rate through lease-up and rental optimization. The site has been the subject of a pre-consultation process with the City, identifying future redevelopment potential (buyer to complete their own due diligence). Investors benefit from strong in-place cash flow while pursuing future planning approvals, creating a unique opportunity to generate income during the entitlement process. Whether you're seeking a stable long-term hold, a value-add apartment investment, or a strategic land assembly with development upside, this offering presents exceptional flexibility in a prime location.
01 / Property recordListing detailsFacts, history, rooms and location
Key Facts
- MLS® #
- X13701644
- Board
- TRREB MLS®
- Days on market
- Tax
- $26,246
- Size
- 5000 + sqft
- Lot
- 121.26 × 174.74 Feet
- Parking
- None, 16 Parking
Listing History
Listing activity for 589 Ontario St, St. Catharines, Ontario
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| N/A | N/A | $2,990,000 | N/A | Sc | X13701644 |
Property Details
Property
- Property Type
- Multiplex
- Style
- 2-Storey
- Community
- Port Dalhousie
- Municipality
- St. Catharines
Inside
- Bedrooms
- 32
- Bathrooms
- 21
- Bathroom Detail
- 21, 3pc
- Basement Type
- Other
- Kitchens
- 21
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Building
- Size
- 5000 + sqft
- Construction
- Stucco/Plaster
Parking
- Garage Type
- None
- Add. Parking
- 16
- Total Parking
- 16
Land
- Sewer
- Sewers
- Lot Size
- 121.26 × 174.74 Feet
- Lot Size Code
- Feet
Additional
- Foundation
- Other
- Roof
- Asphalt Shingle
- Fireplace
- N
- Pool
- None
- Den
- N
- Family room
- N
- Extras
- Refrigerator, Stove, Washer, Dryer, ELF'S
Rooms (12)
Room 2
Level not provided
Room 3
Level not provided
Room 4
Level not provided
Room 5
Level not provided
Room 6
Level not provided
Room 7
Level not provided
Room 8
Level not provided
Room 9
Level not provided
Room 10
Level not provided
Room 11
Level not provided
Room 12
Level not provided
Location
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
13 records read 6 on record nearby 7 checked, none on recordRead 2026-10-28
Water and conservation
- No mapped wetland within 120 m
- No water-supply well recorded within 250 m23 test or monitoring holes also recorded.
- Groundwater recorded about 4.9 m below ground nearbyThe middle water level in the well records within 500 m (182 records). It changes with the season and from spot to spot.
Province of Ontario open data
Planning and building activity
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areas
- Nearest airport: 6.0 km
Province of Ontario open data
Around the home
- A trail on the Ontario trail network within 1 km
Province of Ontario open data
Environmental records
- No licensed pit or quarry within 2 km
- No recorded oil, gas or salt well within 250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Kemira Chemicals Canada Inc. — KEMIRA CHEMCIALS CANADA INC. - ST CATS., 1.9 km away. Only facilities above the inventory’s reporting thresholds are listed.
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.
Province of Ontario open data · Government of Canada open data
Power and internet
- Electricity is distributed here by Alectra Utilities Corporation
- Wired internet 50/10 Mbps or faster is listed at a household 50 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (50 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, Cogeco Connexion, Niagara Regional Broadband Network. Cable: Cogeco Connexion. DSL: Bell. Fixed wireless: Bell, Last Mile Wireless Internet, NWIC, Rogers, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.
Ontario Energy Board · Innovation, Science and Economic Development Canada
None of this is an inspection of the property. Confirm anything that matters to you with the municipality, the conservation authority or the record’s publisher. Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
02 / Plan your numbersToolsMortgage and cash-flow planning
Mortgage Tools
Mortgage calculator
20%
Monthly Payment
$13,707
- Down payment$598,000
- Mortgage amount$2,392,000
- Total interest$1,720,100
- Total cost$4,710,100
Cash flow analysis
$13,707
Total monthly payment
$15,894
Break-even down payment
100%
Cash flow-$15,894
03 / Community profileNeighbourhood demographicsPeople, homes and household context
Expand Neighbourhood demographics to load Statistics Canada census charts.
$2,990,000
$2,990,000
CAD
Estimate unavailable
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