589 Ontario Street
St. Catharines (Port Dalhousie), ON L2N 4N9
- —Bedrooms
- 21Bathrooms
- 16Parking
- 5000 +Sq Ft
- $26,246Tax
- 121×175 ftLot Size
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Free Home EvaluationHow Much Is My Home Worth?Homes for Sale NearbySale & Price History for 589 Ontario Street, St. Catharines, Port Dalhousie
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| 2026-08-21 | - | Login to See Prices | Active | X13701648 |
| 2026-08-21 | 2026-09-21 | Login to See Prices | Sold Conditional | x13701644 |
| 2026-06-27 | 2026-08-21 | Login to See Prices | Terminated | x13497678 |
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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.
About 589 Ontario Street, St. Catharines, Port Dalhousie
Summarized Description
- Rare 21-unit multifamily investment opportunity.
- Current 6.1% cap rate with growth potential.
- Exceptional redevelopment potential identified.
- Strong cash flow during planning approvals.
- Located in desirable St.
- Catharines north end.
- Flexibility for long-term hold or value-add.
- Strategic land assembly for future development.
Rare opportunity to acquire a 21-unit multifamily investment in St. Catharines' desirable north end with exceptional income today and significant redevelopment potential for tomorrow. With 6 lots providing frontage on both Ontario Street and Embassy Avenue, the property currently generates an approximate 7% cap rate, with a clear path to approximately 9%+ cap rate through lease-up and rental optimization. The site has been the subject of a pre-consultation process with the City, identifying future redevelopment potential (buyer to complete their own due diligence). Investors benefit from strong in-place cash flow while pursuing future planning approvals, creating a unique opportunity to generate income during the entitlement process. Whether you're seeking a stable long-term hold, a value-add apartment investment, or a strategic land assembly with development upside, this offering presents exceptional flexibility in a prime location.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $26,246
- Land Transfer Tax Fee
- $61,225
Rental Items
- Rental Equipment
- Hot Water Heaters
- Basement Type
- Other
Interior Features
- Interior Extras
- Other
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Pool
- None
Building
- Building Type
- Multiplex
- Building Style
- 2-Storey
Construction
- Exterior Finish
- Stucco (Plaster), Wood
- Roof
- Asphalt Shingle
- Foundation Details
- Other
- Special Designation
- Unknown
Lot
- Lot Front
- 121.26 ft
- Lot Depth
- 174.74 ft
- Lot Size
- 30238
- Lot Shape
- Irregular
Inclusions
- Inclusions
- Refrigerator, Stove, Washer, Dryer, ELF'S
Exclusions
- Exclusions
- All Tenant Belongings
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
- Parking Spaces
- 16
- Total Garage And Parking Spaces
- 16
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- Central Air
- Water
- Municipal
- Sewers
- Sewer
- Natural Gas
- Available
- Hydro
- Available
- Washrooms
- 21
Washrooms
- 3-piece
- Municipality
- St. Catharines
- Neighbourhood
- Port Dalhousie
- Main cross streets
- Lakeport Rd & Lakeshore Rd
- Zoning
- R2, C2
- Directions
- QEW, North on Ontario
- MLS® number
- X13701644
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-09-21
- Listed on
- 2026-08-21
- Days on market
- 31 days
- Possession type
- Flexible
- Co-op commission
- 2% + HST
- Seller
- Listed by
- ROYAL LEPAGE NRC REALTY COMPASS ESTATES
Home Market Value
Current home valuation for 589 Ontario Street, St. Catharines, Port Dalhousie, St. Catharines, ON. Listed for $2,990,000
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 589 Ontario Street, St. Catharines, Port Dalhousie
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
20% required for homes $1.5M or more
$598,000
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $0 | $0 | $0 | $0 |
=Total mortgage | $2,392,000 | $2,242,500 | $2,093,000 | $1,943,500 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $11,679monthly | $10,949monthly | $10,219monthly | $9,489monthly |
Land Transfer Tax
$61,225
$61,225
Around this home
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