$465,000
48 CARLISLE Street
Beds
3
Baths
2 full + 2 half
Sqft
—
Year
—
Type
Single Family
Suite
Suite potential
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for St. Catharines. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
AWESOME COMMERCIAL RESIDENTIAL FREEHOLD OPPORTUNITY IN DOWNTOWN This is a rare opportunity to own a detached, freehold mixed use building in the heart of downtown St. Catharines, surrounded by culture, energy, and constant activity. Positioned directly across the street from the FirstOntario Performing Arts Centre and the Meridian Centre, this location offers built in visibility and everyday convenience that is difficult to replicate. What truly sets this property apart is its incredible adaptability. It can function as all commercial, all residential, or a smart combination of both creating a highly desirable live work or income generating setup. Each floor has its own entrance, allowing spaces to operate independently and giving owners the flexibility to evolve and reposition over time. Previously used as a law office, the layout may lend itself well to a wide range of professional and creative uses such as real estate, accounting, psychotherapy, chiropractic care, studios, or boutique offices. Outside, wrap around parking with two separate street entrances and exits adds everyday ease for staff, clients, or tenants, an uncommon and valuable feature in a downtown setting. Access to Ontario Highway 406 is quick and straightforward, making regional travel simple while keeping you connected to the city’s most vibrant corridor. From an ownership perspective, this is a low maintenance and highly manageable asset, ideal as a standalone investment or a strong addition to a growing portfolio. For business owners, it offers the opportunity to step into brick and mortar ownership while potentially offsetting costs through rental income. Highly flexible, highly visible, and positioned in one of downtown’s strongest locations, this is a property designed to work for you today and adapt for tomorrow. Reach out to learn more about how this unique opportunity could fit your plans. (id:65958)
- Subtype
- Single Family
- Architectural style
- 2 Level
- Structure
- House
- Community
- 451 - Downtown
- Common interest
- Freehold
- Living area
- 1,501 square feet
- Bedrooms
- 3 above grade, 0 below grade
- Parking
- 6 total
- Stories
- 2
- On market
- Apr 22, 2026
- Status changed
- Apr 22, 2026
- Annual tax
- $9,271.45
- Zoning
- M2
- Photos
- 27
- MLS#
- 40823135
- Area
- ST._CATHARINES
Features and systems
Parking
Basement
Appliances
Heating
Cooling
Exterior
Foundation
Lot
Community
Security
Cash on cash
-6.18%
Cap rate
3.63%
GRM
16.1
Break-even rent
$2,904
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 22, 2026.