Property Information:

Welcome to 42 Vine Street, an excellent opportunity to secure a duplex in a transitioning area of St. Catharines poised for future growth. Located near the former hospital site, this property is ideally positioned to benefit from the area's anticipated redevelopment and long-term revitalization.As the surrounding neighbourhood evolves, this location presents a compelling case for investors looking to get in ahead of continued change. With increasing focus on land use, redevelopment, and housing demand, this pocket of the city is expected to see renewed interest and upward pressure on property values over time.The property itself offers two self-contained units with existing rental income in place. This is a smart buy-and-hold opportunity for investors who understand the impact of redevelopment and are looking to position themselves early. The combination of an improving location, steady rental demand, and the ability to add value makes 42 Vine Street a strategic addition to any portfolio.Secure your investment in an area with a promising future, 42 Vine Street offers both immediate income and long-term potential. (id:27)

Building Features:

Style: Multiplex
Building Type: Duplex
Basement Development: Unfinished
Basement Type: Partial
Exterior Finish: Vinyl siding
Floor Space: 1100 - 1500 sqft
Foundation Type: Poured Concrete, Stone
Heating Type: Forced air
Heating Fuel: Electric, Natural gas
Cooling Type: None
Appliances: Water meter

Property Features:

Property Type: Multi-family
Bedrooms: 5
Bathrooms: 2
Features: Paved yard
Floor Space (approx): 1100 - 1500 Square Feet
Irregular: Yes
Lot Depth: 128 Feet
Lot Frontage: 36 Feet
Lot Size: 36 x 128 FT
Zoning: R2
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 2

Courtesy of: RE/MAX NIAGARA REALTY LTD, BROKERAGE

More Detail

Less Detail

Demographic Information of 42 VINE STREET, St. Catharines (E. Chester), Ontario, L2R 3X8

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$77,944.30

Average Number of Children

1.60

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

19.64 %

High school certificate or equivalent

36.12 %

Apprenticeship trade certificate/diploma

5.9 %

College/non-university certificate

23.23 %

University certificate (below bachelor)

1.91 %

University Degree

13.2 %

Commuter

Travel To Work

By Car

83.77 %

By Public Transit

4.37 %

By Walking

4.23 %

By Bicycle

0.0 %

By Other Methods

7.63 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

46.05 %

Houses

53.95 %

42 VINE STREET, St. Catharines (E. Chester), Ontario, L2R 3X8