$599,000
Est. payment $2,652/moCalculate yours
42 St. Paul Street W, St. Catharines, ON L2S 2C2
459 - Ridley, St. Catharines, ON L2S 2C2
Listing courtesy of ROYAL LEPAGE NRC REALTY MLS® X13587176
About this home
Unlock the potential of this exceptional infill development site at 42 St. Paul Street West, ideally located just minutes from Downtown St. Catharines, the GO Station, Ridley College, Ridley Heights, and the Marotta Family Hospital. This vacant 53′ x 179′ (approx.) lot is zoned M1 and presents an outstanding opportunity for developers and investors looking to capitalize on the growing demand for quality rental housing. The property includes an approved design concept for a 3-storey, 8 unit apartment building, featuring eight spacious 2-bedroom, 1-bathroom suites. The proposed scale offers an achievable and cost-effective development opportunity, making it well suited for small to mid-sized developers seeking a manageable project in a strong rental market. Site Plan, Grading and Servicing Plan and Planning Report available for review. Its central location provides residents with convenient access to public transit, major employment centres, schools, healthcare, shopping, restaurants, and recreational amenities, making it an attractive location for long-term tenants. Whether you’re expanding your development portfolio or seeking your next purpose-built rental project, this property offers the ideal combination of location, zoning, and development potential in one of Niagara’s fastest-growing urban markets.
Property details
Overview
- Property Type
- Vacant Land
- For
- For Sale
- Status
- New
Lot & Parking
- Lot Size
- 53.46 x 179.48 Feet
- Zoning
- M1
Financial
- Property Taxes
- $5,182 (2026)
Location
- Neighbourhood
- 459 - Ridley
- Cross Street
- Louth St.
- Direction Faces
- North
Listing
- MLS® Number
- X13587176
- Days on Market
- 89
- Listed On
- 2026-07-21
- Possession
- Anytime
- Listed By
- ROYAL LEPAGE NRC REALTY
Mortgage calculator
Estimated mortgage payment
$2,652 per month
- Principal and interest
- $2,652
- Property tax
- $432
- Condo fees
- $0
- Estimated monthly cost
- $3,084
Your mortgage
- Mortgage amount
- $479,200
- Mortgage insurance
- Not needed
- Interest over 25 years
- $316,473
Cash to close
- Down payment
- $119,800
- Land transfer tax
- $8,455
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $128,255
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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