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Est. payment | /mo
6 Beds
2 Baths
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Est. payment | /mo
6 Beds
2 Baths
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision 450 - E. Chester
MLS Listing ID X14160128
Style 2-Storey
Bedrooms 6
Annual Tax Amount $5,087
Tax Year 2025
Property Sub-Type Detached
Property Description
EXCEPTIONAL INVESTMENT & DEVELOPMENT OPPORTUNITY - 6-BEDROOM HOME GENERATING $4,750 MONTHLY WITH POTENTIAL FOR UP TO 24 RESIDENTIAL UNITS! Welcome to 331 Queenston Street, St. Catharines, an outstanding income-producing property offering an exceptional combination of immediate cash flow, generous lot size and exciting future development potential. Currently generating $4,750 MONTHLY ($57,000 ANNUALLY) in gross rental income, this spacious three-storey home sits on an impressive lot extending approximately 305 FEET DEEP, offering a rare opportunity for investors, builders and developers. With zoning permitting the potential development of UP TO 24 RESIDENTIAL UNITS, subject to municipal approvals and development requirements, this property presents significant possibilities for future intensification while generating rental income today. The existing residence features 6 generously sized bedrooms, 2 full bathrooms and an abundance of functional living space across three levels. The main floor offers a spacious living room, a well-appointed kitchen equipped with a gas stove, refrigerator and dishwasher, two bedrooms, convenient main-floor laundry and an inviting enclosed porch. The second level features three additional bedrooms and a four-piece bathroom, while the third floor offers a spacious loft-style sixth bedroom complete with vaulted ceilings, exposed architectural beams and built-in storage. Throughout the home, you'll appreciate the character of the original wood trim, attractive flooring, generous room sizes and functional layout.
Location
Province ON
County Niagara
Area Niagara
Zoning QUEENSTON APARTMENTS INC.
Rooms
Family Room Yes
Basement Full
Kitchen 1
Interior
Interior Features Carpet Free
Cooling Other
Fireplaces Number 1
Inclusions FRIDGE, STOVE, DISHWASHER, WASHER, DRYER
Exterior
Parking Features Private Double
Pool None
Roof Type Metal
Lot Frontage 87.7
Lot Depth 325.84
Total Parking Spaces 6
Building
Foundation Concrete
Others
Senior Community No
ParcelsYN No
Listed by The Agency
Nearby Locations
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