Business For Sale · Office

196 KING Street, St. Catharines

196 KING Street, St. Catharines, ON L2R3J7

$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

About this property

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)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$675K
Down payment30% · $203K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

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.

Rent roll (estimated)

TenantAreaExpiry
Meridian Health Group666 SF2033-04
Meridian Health Group428 SF2033-04
Meridian Health Group400 SF2033-04
Meridian Health Group508 SF2033-04

Area demographics

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.

Secure deal room

Confidential diligence documents for 196 KING Street, St. Catharines.

NDA required
  • 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.