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5 Race St 6,500 SF Vacant Office Building St Catharines, ON L2R 3M1 $1,590,000 CAD ($244.62 CAD/SF)



Executive Summary
Excellent opportunity for an owner-occupier or investor to acquire a flexible mixed-use building in downtown St. Catharines. Currently configured into five units, including a two-bedroom residential suite, this property offers immediate income with the ability to occupy space for your own business while benefiting from rental revenue. All tenants are on month-to-month leases, providing maximum flexibility to reposition the building, adjust rents, or reconfigure the layout. The existing configuration lends itself well to a "run your business and collect income" model, with additional upside through the potential to convert one or more units to residential use. Strategically located just seconds from Highway 406, the property offers excellent accessibility without the congestion of St. Paul Street, while remaining within close proximity to the downtown core and its amenities. On-site parking includes two spaces at the front and 11+ additional spaces along Head Street under a long-term arrangement. This is a well-maintained building with strong fundamentals, flexible tenancy, and value-add potential in a growing urban location.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
6,500 SF
Building Class
B
Year Built
2003
Price
$1,590,000 CAD
Price Per SF
$244.62 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,629 SF
Building FAR
2.13
Lot Size
0.07 AC
Zoning
M2-92 - Medium/High Density Mixed Use
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Exceptionally walkable
90/100
Very drivable
80/100
Strong public transit
80/100
Moderately bikeable
60/100
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5 Race St
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