16-22 LYMAN Street, St. Catharines, ON L2R 5H7
$2,088,000
$2,088,000
MLS®#:
X13061602
Property Type:
Investment
Property Style:
Area:
Niagara
Community:
451 - Downtown
Taxes:
$14,664.73 / 2026
Added:
April 30 2026
Lot Frontage:
175
Lot Depth:
114.3
Status:
Active
Outside:
Year Built:
Brokerage:
COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE
Lot :

114

175

BIG LOT

Lot Irregularities:
0.46
Intersection:
LYMAN/RAYMOND
Rooms:
Bedrooms:
2
Bathrooms:
Fireplace:
Utilities
Water:
Municipal
Cooling:
No
Heating Type:
Other
Heating Fuel:

Listing Details

Possibilities abound with this turn-key 8-unit investment opportunity in a prime location near downtown St. Catharines. This well-maintained building features 8 spacious 2-bedroom 1-bathroom units with tenants paying hydro. Currently, there are no vacancies. Also, included as a standout bonus is the leased 37-space parking lot, which currently generates an additional $3200 per month in rental income. Continue leasing for steady cash flow or explore alternative uses to maximize value through your own due diligence. Situated in a high-demand area close to transit, amenities, and the downtown core, this property offers both stability and growth potential and is ideal for investors looking to expand their portfolio with a solid, income-producing asset with an already built-in opportunity for increased returns.

Insights

  1. **Strong Cash Flow**: This property generates a steady income with 8 fully leased units and an additional $3,200 per month from a leased 37-space parking lot, providing a solid return on investment.
  2. **Prime Location**: Located in downtown St. Catharines, the property is in a high-demand area close to transit and amenities, enhancing its attractiveness to potential tenants and future buyers.
  3. **Growth Potential**: With no vacancies and the possibility to explore alternative uses for the property, there is significant potential for increased returns and value appreciation over time.

Neighborhood Overview

Complete neighborhood profile for 16-22 LYMAN 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)