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$675,000 total
2,235 SF
Asset Class
Office
Size
2,235 SF
Building class
A
Zoning
CO — Commercial Office
$ / SF
$302
Occupancy
84%
Year Built
1870
Prime opportunity to acquire a downtown property offering a modern, turn-key mixed-use building with exceptional street exposure, rare private on-site parking, and outstanding long-term development potential. Ideally suited for investors or owner-operators, this versatile asset combines strong commercial and residential components with flexible M2 zoning, supporting a wide range of uses, including commercial, residential, or mixed-use development. The property features a ramp up to a welcoming wrap-around porch, while the interior offers a functional, adaptable layout suitable for a variety of professional uses. Multiple exterior entrances provide excellent flexibility for single or multi-tenant configurations, offering exceptional accessibility and future adaptability. Offering approximately 2,235 sq. ft. of finished above-grade space plus an additional 800 sq. ft. in the basement, this property presents an excellent opportunity to customize to your needs. The main floor features a spacious open-concept co-working office, two private offices, a boardroom-style office, and an inviting front foyer complete with a coffee station and a convenient 2-piece washroom. The upper level includes an oversized executive office, three additional private offices, and a well-appointed 3-piece bathroom. Positioned on a high-traffic downtown corridor surrounded by established businesses, restaurants, cafes, and local amenities, the property benefits from consistent exposure and strong foot traffic. Just steps from the Meridian Centre, FirstOntario Performing Arts Centre, transit hub, GO Station, and with quick access to Highway 406 and the QEW, the location offers unmatched connectivity across the region. Whether expanding an investment portfolio or securing a strategic location for a growing business, this property delivers exceptional visibility, versatility, and future development potential in one of the city's most desirable downtown settings. (id:66811)
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Monthly debt service
$3K
Projected NOI
$40K
Annual cash flow
$2K
Cash-on-cash
1.05%
DSCR
1.06
Going-in cap
5.86%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
| Tenant | Area | Expiry |
|---|---|---|
| Meridian Health Group | 666 SF | 2033-04 |
| Meridian Health Group | 428 SF | 2033-04 |
| Meridian Health Group | 400 SF | 2033-04 |
| Meridian Health Group | 508 SF | 2033-04 |
Trade area within 3 miles of the property.
Population
110,772
Households
39,607
Median income
$106,500
Median age
33.4
Daytime population
129,070
5-yr growth
4%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 196 KING Street, St. Catharines.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.