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Listed 1 month ago

175 King Street

451 - Downtown, St. Catharines

$399,000

Detached|2 1/2 Storey
5 | 2 | 1
About this home

This very cool 2.5-storey century townhouse brings serious character, from its stately red brick facade and gabled roofline to the old-world street presence you can't recreate today. Inside, 9-foot ceilings and large west-facing windows flood the main floor with natural light, while the oversized front room flexes easily as a living space or main-floor bedroom. With just over 2,300 sq ft, five bedrooms, and two bathrooms, there's plenty of space to work with - whether that's bedrooms, an office, a studio, a media room, or something completely different. The third-floor front room is a standout, with dramatic rooflines and a vibe that practically begs to become a workspace, art studio or content hub. Out back, three separate doors lead to a generous deck, plus a designated rear parking spot. Forced-air heating and central air keep things comfortable year-round. And then there's the location. You're a short walk to Montebello Park, the Meridian Centre, FirstOntario Performing Arts Centre, cafes, restaurants and everything happening downtown. Here's where things get even more interesting. The property is M2 - Medium High Density Mixed Use zoned, opening the door to a wide range of potential uses including residential, commercial, retail, office and more, subject to municipal approvals. For an investor, entrepreneur, developer or someone with a creative vision, there are plenty of possibilities worth exploring. Value-priced for today's buyer's market, this could be an opportunity to score a great deal on a substantial downtown property with character, size and flexible zoning. Roll up your sleeves, bring your imagination and take a closer look at what 175 King Street could become. Flexible closing and offers welcome!

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style2 1/2 Storey
Approx. Age100+
Size2000-2500 sq. ft.
Property Tax$3,585
Lot Size21.45 ft x 125 ft
mls© NumberX13720552
Listed ByEXP REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,042
Property tax
$299
Heat allowance
$150
Housing costs
$2,491 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $79,800
25-yr amortization

Income needed

$77,000

gross annual household income

Payment at 4%
$1,679 / mo
Cash down
$79,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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