Situated in the heart of St. Catharines’ coveted university district, 55 Powerview Avenue presents a unique investment opportunity that combines immediate cash flow potential with substantial value-add components. This property stands out in the Niagara Region’s competitive real estate market due to its pre-approved triplex conversion status.
Currently structured as a side-by-side duplex featuring:
- Front Unit: Three-bedroom, one-bathroom bungalow-style layout
- Rear Unit: Two-bedroom, one-and-a-half bathroom configuration
- Both units currently generate stable rental income
- Flexible vacancy options available for new purchasers
Development Opportunity
The property’s most compelling feature is its development potential, centered around an expansive basement that spans the entire footprint of both units. Key advantages include:
- Active municipal permits for triplex conversion
- Full basement spanning both units’ dimensions
- Pre-approved regulatory compliance
- Established precedent for multi-unit development in the area
Strategic Location Benefits
55 Powerview Avenue’s location offers multiple competitive advantages:
- Walking distance to university facilities
- High-demand rental demographic
- Family-friendly neighborhood composition
- Proximity to essential amenities
- Strong public transportation connectivity
About the Market
St. Catharines’ real estate market continues to demonstrate strong fundamentals, particularly in the university district submarket. This property’s unique combination of current income, development potential, and strategic location positions it favorably within the local market landscape.
